States, regulators, and market participants have in recent years called attention to a trend concerning uneconomic baseload generation in organized wholesale markets, specifically in ISO New England, New York Independent System Operator (NYISO), MISO, PJM, the Electric Reliability Council of Texas (ERCOT), and the California Independent System Operator (CAISO).
Cheap natural gas, low power demand growth, increasing operating costs owing to state and federal rules, and market design issues are affecting bottom lines and forcing some power companies to withdraw generating capacity or reconsider participation in these competitive markets.
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