The FERC rejected both of PJM’s proposals to address failures in its capacity markets because of state subsidies that support preferred generation resources.
The Federal Energy Regulatory Commission (FERC) recently rejected two proposals for capacity market reforms from Mid-Atlantic grid operator PJM Interconnection. However, it opened a 90-day “paper hearing” to consider an alternative approach to the projects.
The American Wind Energy Association (AWEA) issued the following statement reacting to a FERC order.
“We see pathways to a positive outcome from FERC’s 3-2 decision if the resulting proceeding ensures states can continue to shape the fuel mix within their borders as intended under the Federal Power Act,” said Amy Farrell, Senior Vice President, Government and Public Affairs.
Farrell added: “We will be weighing in heavily with the commissioners and PJM to explain our concerns and how they can be addressed.”
Filed Under: News, Policy
