PJM Wins on 2,000 MW Capacity Waiver; Purchase Plan Rejected

The Federal Energy Regulatory Commission approved PJM’s request to retain 2,000 MW of capacity in yesterday’s third Incremental Auction for 2015/16 but rejected its request to purchase capacity outside of the Reliability Pricing Model, calling it “unreasonably vague and ill-defined” (ER15-738). PJM had requested the one-time waiver on rules that...