E&E News covered FERCs recent demand to PJM requiring them to restrict state-backed renewables within its capacity market and included quotes by AEE's Jeff Dennis. Read excerpts below and the entire E&E News piece here (sub. req.)
Federal regulators approved rules yesterday for the nation's largest electricity market that effectively prop up fossil fuel power plants and discourage new investments in renewable power, demand response and energy storage projects. The much-awaited changes in PJM Interconnection's rules governing its capacity market were issued by the Federal Energy Regulatory Commission 508 days after the agency issued a decision calling the current market rules unjust and unreasonable and directing PJM to devise a fix.