POLITICO Pro covered PJM's imminent decision to set a price floor in PJM Interconnection's 13-state capacity market, including AEE's Jeff Dennis perspective. Read excerpts below and the entire POLITICO Pro piece here. (sub. req.)
FERC is set to decide Thursday on a measure to counter states' clean energy and nuclear power subsidies — a ruling that could ultimately lead to the destruction of part of the nation's largest power market. FERC's three commissioners will vote on whether to set a price floor in PJM Interconnection's 13-state capacity market, which is used to ensure enough power is available to meet future demand by paying electricity producers to make their plants available in three years. Those capacity payments are designed to give the power producers long-term price signals that enable them to plan investments in new generating facilities.