Starts
Monday,October 8
Ends
Friday,October 12
FERC Exelon Retirement Waiver Hearings
The Federal Energy Regulatory Commission will continue its discussion of an agreement allowing Exelon Corp.’s Mystic 8 and 9 natural gas-fired generating units to collect cost-of-service payments to stay in operation. Following Exelon’s bids to retire the money-losing plant in 2022, ISO New England Inc. asked for waivers to maintain them, arguing the loss of the 1,700 megawatts of capacity and closure of the accompanying Distrigas liquefied natural gas terminal would lead to “unacceptable fuel security risks”. FERC denied the ISO’s request in July and ordered it to address regional fuel security needs by July 2019. The New England Power Generators Association estimated that support for the generator could displace up to about 1,300 megawatts of economic resources and suppress prices by up to $642 million in the grid’s next auction. (ER18-1639)