PJM capacity market overhaul largely survives second look by FERC

Authors Jasmin Melvin and Zack Hale

Washington — A divided Federal Energy Regulatory Commission voted Thursday to approve key clarifications to its overhaul of PJM Interconnection’s capacity market in a move that also cleared the way for legal challenges related to the closely-watched proceeding to move forward.

During its monthly open meeting, FERC largely affirmed a June 2018 order (EL16-49) in which a deeply divided commission found that PJM’s then-existing capacity market rules failed to …

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