Tuesday,
November 6
November 6
FERC PJM 2019 Capacity Auction Overhaul Deadline
The Federal Energy Regulatory Commission is scheduled to receive comments on developing replacement rules for PJM Interconnection LLC’s capacity market. The federal regulator pushed back the start of next year’s annual auction, used for locking in future power supplies, by three months to Aug. 14-28, 2019, to provide extra time for the operator of the nation’s largest power grid to make sweeping changes to the market. FERC ordered PJM to shore up its annual capacity auction to head off a growing influx of state-subsidized generation that threatens to depress prices and squeeze revenues for competing power plants. (ER18-2222-000)