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PJM asks FERC to delay 2019 capacity market auction
Utility Dive: FERC's June 29 decision throwing out the rules for PJM's capacity market is the product of years of wrangling over the effect of state energy subsidies on market functions.
Gas and coal generators argue state policies that benefit other resources, like renewables or nuclear plants, suppress the market clearing price for the fossil generators, lowering their revenues.
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