Exelon has joined the opposition to FirstEnergy's attempts to win guaranteed payments for its Ohio power plants.

PJM said AEP's proposed PPA needs changes to preserve competition.

PJM said it will weigh in on the controversial power purchase agreements AEP and FirstEnergy negotiated with PUCO staff.

The settlement provides guaranteed income for the output of AEP's 2,671-MW ownership share of nine power plants.

When FirstEnergy announced that it had reached a settlement with PUCO staff to secure guaranteed rates for several of its merchant plants, the company found itself under attack by many of its former allies.

By Ted Caddell FirstEnergy said Tuesday it has reached a proposed settlement with Public Utilities Commission of Ohio staff that would provide guaranteed in...

The decision will have an impact on whether AEP decides to sell some of its merchant fleet.

Capacity Performance resources cleared at $151.50/MW-day in the transition auction for the 2017/18 delivery year, PJM said Wednesday.

PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.

Attorneys general from 15 states asked a federal court in D.C. to block the Clean Power Plan.