capacity market

Capacity prices in PJM Interconnection’s latest auction spiked to the market’s price ceiling, hitting $329.17/MW-day across the board for the 2026/2027 delivery year—the maximum allowed under new Federal Energy Regulatory Commission (FERC) rules. The regional transmission organization’s (RTO’s) competitive Base Residual Auction (BRA), conducted on July 9, 2025, and released on July 22, secured 134,311 […]

Private equity firm ArcLight Capital Partners has entered into definitive agreements to acquire 100% of the economic interests in the 484-MW Middletown Energy Center, a combined cycle natural gas power plant in Butler County, Ohio. The firm said on July 10 that the acquisition—structured through a series of transactions with a consortium of sellers—adds a […]

New rules, regulations, and legislation are changing the way U.S. utilities generate electricity. First, there was the Clean Power Plan (CPP), which was passed by the Environmental Protection Agency (EPA) in 2015. This was replaced in 2019 by the EPA’s Affordable Clean Energy (ACE) rule. Both policies aim to reduce and limit carbon dioxide emissions […]

PJM Interconnection will not run a base residual auction (BRA) until the Federal Energy Regulatory Commission (FERC) approves recalculated Minimum Offer Price Rule (MOPR) floor prices for new and existing resources as directed by the federal entity’s ground-shaking Dec. 19 capacity market order. But when that will occur is still highly uncertain. In a presentation […]

What does the 21st century power market look like? That is the question the European Union (EU) is attempting to answer with the new electricity regulation and revised electricity directive passed at the end

The Seventh Circuit Court of Appeals has declined to rehear a case that challenges nuclear subsidies in Illinois, effectively dealing a blow to a group of competitive generators, which have fought the measure for several years. In an order issued on October 9, the appellate court said its full judicial panel had voted to deny […]

On Feb. 2, 2011, a winter storm gripped the Lone Star State, bringing freezing temperatures and heavy ice loads onto the state’s electric infrastructure. Texas experienced a series of unexpected rolling