Capacity Market
FirstEnergy Corp. reached a settlement in a controversial bid to shift a coal-fired generator from its unregulated subsidiary to regulated utility Monongahela Power, but a consumer group says the reduced price is still a bad deal for ratepayers.
Below is a summary of the issues scheduled to be brought to a vote at the PJM MRC (Markets and Reliability Committee) Thursday, August 29, 2013.
How much is too much? PJM officials are examining May’s base capacity auction to consider limiting capacity imports in order to ensure reliability.
The Market Implementation Committee Wednesday revised an issue charge it approved in March, adding a work activity inadvertently omitted from the original.
Constraints that can be quickly and cheaply resolved would be included in the PJM RTEP under a proposal given first reading at the MRC on Thursday, 8/1/13.
PJM MRC members heard first reading on a problem statement to review potential changes to the Cost of New Entry (CONE) triennial review process on August 1, 2013.
A modified proposal to set earlier deadlines for power plants seeking exemptions from participation in PJM’s capacity market auctions won approval from the MRC and MC on 8/1/13.
The PJM MRC Committee Thursday abandoned a year-long effort to establish a long-term Capacity product.
PJM Members voted Thursday to approve a problem statement to consider modifying the design of the RPM to reduce speculation on the capacity auction.
FERC rejected PSEG’s challenge to PJM’s transmission modeling, saying the company had failed to prove that PJM’s method was “black box decision-making.”
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