In the latest salvo in an ongoing controversy over state efforts to subsidize local generation capacity development, the Third Circuit in New Jersey Board of Public Utilities v. FERC upheld a final FERC order approving a PJM Interconnection tariff governing its wholesale capacity market. The court denied appeals by the New Jersey and Maryland utility … Continue Reading
The unprecedented spikes in natural gas prices due to the recent harsh winter weather have led FERC to approve temporary yet significant waivers of the pricing rules in the mid-Atlantic and New York organized wholesale electricity markets. Both the PJM Interconnection and the New York ISO attract the resources to keep supply and demand in … Continue Reading
