FERC denied rehearings on orders rejecting PJM’s efforts to stop capacity market participants from attempting to arbitrage between the BRA and Incremental Auctions.

PJM plans to hold the next Base Residual Auction about six months after they receive FERC approval of its compliance filing implementing the expanded MOPR.

RTO Insider held a 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 MOPR.

PJM 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 won’t run a capacity auction until FERC approves the RTO’s compliance filing implementing the expansion of its MOPR, making it unlikely for this year.

FERC voted 2-1 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.

Transmission owners asked PJM to convene a meeting with stakeholders and produce a schedule that allows for time between FERC’s decision and the next BRAs.

PJM told stakeholders all deadlines for upcoming capacity auctions will be suspended pending FERC action on the RTO’s proposed revisions to its capacity market.

FERC may be unable to issue a ruling on PJM's capacity market rules before December, further complicating matters for the RTO and market participants.

FERC halted PJM’s plan to run its capacity auction next month hours after the MRC reaffirmed the RTO’s decision to move forward as planned.