PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett

PJM Capacity Auction Results Compound "Alarm Bells": FERC Chairman Swett By Ethan Howland of UtilityDive The PJM Interconnection’s just-held capacity auction cleared nearly 7 GW below its reliability target and only drew roughly 500 MW of new power supply, Federal Energy Regulatory Commission Chairman Laura Swett said Thursday. “These numbers compound the alarm bells for a call to action in PJM,” Swett said during the agency’s monthly meeting. “Am I surprised that PJM failed to ...

By Tyler Durden