PJM Interconnection LLC (PJM)
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The PJM Board of Managers is pursuing an approach that would spread the cost of continuing to operate Constellation Energy’s Eddystone Generating Station to all PJM consumers.
Constellation Energy
Constellation Energy said the former Three Mile Island could come back online as the Crane Clean Energy Center a year earlier than initially expected.
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Looking ahead to the possibility of future emergency orders from the DOE, stakeholders endorsed a PJM issue charge to establish a more permanent set of rules for how to allocate the cost of keeping generation online beyond its desired deactivation date when ordered by the federal government.
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Committee business included a quick-fix package to expand the definition of dual-fuel generation in the Reliability Assurance Agreement to include generation capable of running on a backup fuel type with off-site storage and dedicated delivery.
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PJM's Markets and Reliability Committee discussed a problem statement and issue charge brought by Pennsylvania Gov. Josh Shapiro to open a discussion on establishing a sub-annual capacity market design.
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FERC approved a PJM proposal to revise the penalty rate for resources that are unable to meet their capacity obligation due to a decrease to their accreditation.
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Capacity markets have brought significant cost savings for customers in the Northeast over the past two decades but now face the critical need to evolve amid rapid load growth and a changing resource mix.
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PJM presented changes to its submission and review processes for large load adjustments that are intended to provide stakeholders with more transparency before they are included in future load forecasts, as well as a draft proposal to standardize how it determines what share of LLAs will be included in its forecasts.
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The Members Committee is set to vote on several proposals drafted by PJM and stakeholders to determine how to allocate costs associated with generators required to remain online through DOE’s emergency orders under FPA Section 202(c).
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New Jersey legislators have pushed ahead with a series of energy proposals, among them plans to harness wave, nuclear and storage.
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