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PJM’s New Capacity Market Requirements Spur $250 Million in Investments

Operators of generation units that cleared in PJM’s capacity performance auction for the 2016-17 planning year have spent or are spending about $250 million in response to the new capacity market’s tougher reliability requirements. About half of the investments focused on long-term maintenance to enhance unit longevity, including boiler work, condenser replacements, new equipment installations, and winterization. Firming up fuel supply constituted the second-largest category of work – 29 percent of the generation capacity undergoing investments. These projects included establishing a dual-fuel capability, installing on-site fuel storage, or connecting to a second nearby pipeline.

http://www.platts.com/latest-news/electric-power/houston/pjm-capacity-auction-reform-spurs-250-million-21872908