pjm

Within the space of less than a week, four deals have been announced that will result in ownership changes at five power plants in the U.S. Northeast. Calpine Buys Another Gas Plant Calpine Corp. announced on Oct. 13 that it has agreed to acquire the Granite Ridge Energy Center, a 745-MW combined cycle gas-fired power […]

In presentations to the Federal Energy Regulatory Commission (FERC), the nation’s regional transmission organizations (RTOs) and independent system operators (ISOs) on Sept. 17 outlined measures they are taking to prevent issues if faced with extreme weather this winter.  The measures are to prevent widespread generation outages as occurred during the Jan. 6–7, 2014, polar vortex. […]

Exelon’s embattled nuclear fleet got more bad—though far from unexpected—news on Aug. 21 as the Oyster Creek, Quad Cities, and Three Mile Island nuclear power plants failed to clear in the 2018–19 PJM capacity auction. This means that the three plants will not receive capacity payments during that delivery year. This was despite a big […]

From its modest origins as a way to shed load when the grid is stressed, demand response (DR) has grown to be a significant player in electricity markets. In the PJM region, demand response has accounted for as much as 14,833 MW of capacity, almost 10% of the total. Customer Gains and Generator Losses Demand […]

The effects of the January 2014 polar vortex have led to big changes in the PJM capacity market, as the board has approved changes to tighten up operations and improve reliability. The polar vortex storm of Jan. 6–8, 2014, saw temperatures plunge across the Midwest and Mid-Atlantic, causing a spike in demand for electricity and […]

American Electric Power’s (AEP’s) Ohio unit has asked the state’s Public Utilities Commission for permission to essentially charge customers for costs to operate nine unregulated coal-fired units, a move the company says will address market volatility and ensure the economic viability of Ohio’s generation.  AEP Ohio on Oct. 3 proposed an “expanded” power purchase agreement […]

Following up on a similar decision in Maryland last month, a federal court threw out New Jersey’s attempt to spur construction of new power plants outside of PJM’s capacity auctions, saying that it was an unconstitutional state attempt to interfere with the wholesale power market. New Jersey’s Long-Term Capacity Pilot Project (LCAPP), enacted in 2011, […]