POLITICO covered FERC's proposed pricing rule and PJM's ask for a rehearing on the MOPR, quoting AEE's Jeff Dennis. Read excerpts below and the entire POLITICO piece here (sub. req.)
Officials in the nation's largest power market are planning to ask FERC to reconsider or clarify parts of its decision to block renewable energy sources that receive state subsidies from participating in long-term electricity auctions. FERC last month instituted a strict price floor that will block bids from subsidized wind, solar and nuclear plants in the 13-state PJM capacity market. Owners of coal and gas generation told a meeting of PJM members that the decision, which would boost prices for their power, will provide them with clear price signals to invest in new generation or extend the life of existing plants. PJM CEO Manu Asthana, making his first public appearance at the meeting, said his staff will use today’s meeting to “listen before we decide our next steps.” Rehearing requests are due Jan. 21.