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FERC found that the tax relief granted to a solar farm being constructed in Virginia does not fall under PJM’s MOPR or qualify as a state subsidy. | Frederick County Planning & Development
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FERC ordered PJM to revise its market seller offer cap to prevent sellers from exercising market power in the RTO’s capacity market. | PJM
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FERC explained why it would not reconsider revenue calculations in PJM’s capacity market, saying it did want to further delay the RTO’s upcoming auction. | © RTO Insider
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PJM is hosting a set of workshops aimed at discussing potential enhancements to the RTO’s capacity market. | PJM
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Stakeholders at PJM’s Market Implementation Committee meeting challenged the use of the “quick fix process” and endorsed a proposed package addressing PRD credits. | © RTO Insider
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PJM will hold the 2022/23 Base Residual Auction in May after being delayed since 2019 over FERC’s expansion of the minimum offer price rule. | PJM
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PJM moved a step closer to restarting its capacity auctions with FERC’s approval of the RTO’s new energy and ancillary services revenue offset calculation. | PJM
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Stakeholders got a look at PJM’s initial response to FERC’s ruling this month on its expanded minimum offer price rule. | © RTO Insider
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FERC approved most of PJM’s compliance filing on its expanded MOPR while reversing its position on state-directed default service auctions. | © RTO Insider
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FERC granted PJM permission to use a lower peak load forecast for its second Incremental Auction in July, reflecting the impact of the COVID-19 pandemic. | PJM
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More than two dozen companies and coalitions filed responses to PJM’s compliance filing to FERC’s order expanding its MOPR. | © RTO Insider
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Exelon told investors the company’s Illinois nuclear plants are “up against a clock,” with the state legislature unable to meet to consider proposals to withdraw from PJM’s capacity market.
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FERC denied rehearing requests on two orders rejecting PJM’s efforts to prevent capacity market participants from attempting to arbitrage between the BRA and Incremental Auctions. | PJM
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PJM officials plan to hold the next Base Residual Auction about six months after they receive FERC approval of its compliance filing implementing the expanded MOPR. | PJM
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RTO Insider held an hourlong webinar with regulators from five of PJM’s biggest states to find out how they plan to respond to FERC’s Dec. 19 order expanding PJM’s MOPR. | © RTO Insider
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PJM suggested that it may compress the schedule for the delayed 2022/23 Base Residual Auction and subsequent auctions in response to FERC’s order expanding the MOPR. | PJM
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PJM said it won’t run a capacity auction until FERC approves the RTO’s compliance filing implementing the expansion of its MOPR, making it unlikely the auction will occur this year. | © RTO Insider
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FERC voted 2-1 Thursday to extend PJM’s MOPR to all new state-subsidized resources, saying it was needed to combat price suppression in the RTO’s capacity market. | © RTO Insider
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Transmission owners have asked PJM to convene a meeting with stakeholders and produce a schedule that allows for time between FERC’s decision and the next BRAs. | © RTO Insider
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PJM told stakeholders that all deadlines for upcoming capacity auctions will be suspended pending FERC action on the RTO’s proposed revisions to its capacity market. | © RTO Insider
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