PJM offered stakeholders four options for navigating its upcoming capacity auction, noting that each comes with risks and uncertainties.

PJM urged FERC to expedite guidance on the RTO’s upcoming Base Residual Auction as stakeholders prepare for deadlines on two different sets of rules.

Capacity market sellers expressed anxiety over PJM’s “parallel path” for its upcoming Base Residual Auction, urging staff to consider delaying the auction until FERC clarifies the minimum offer price rule.

FERC has granted the PJM request to delay its annual Base Residual Auction to Aug. 14-28, 2019.