FERC nominees Robert Powelson and Neil Chatterjee appeared to be on their way to restoring the commission’s quorum after a mostly uneventful Senate confirmation hearing Thursday.
Analysts think the results of PJM’s capacity auction yesterday will end efforts to build new generation capacity in the RTO’s territory.
PJM’s first capacity auction requiring year-round availability saw prices drop by one-quarter in most of the RTO with only EMAAC and Duke Ohio-Kentucky recording increases.
Nearly a century since its formation, PJM assured its members at its Annual Meeting last week that the future is as bright as it’s ever been. | PJM CEO Andy Ott (R) and former CEOs Phil Harris (L) and Terry Boston © RTO Insider
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