PJM Will Respond To FERC Capacity Market Order Within 60 Days, CEO Says
July 24, 2018
PJM will respond within 60 days to the Federal Energy Regulatory Commission’s determination that the grid operator’s capacity market is unjust and requires major changes. CEO Andy Ott said FERC’s June 29 order – which observers said could unravel the market construct altogether – was “a bit unprecedented.” But he added that PJM could meet the commission’s deadline for coming up with a reform plan consistent with FERC’s recommendation it change the current Fixed Resource Requirement to ease the impact of state power policies.