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FERC lets PJM delay next capacity auction from May to August 2019
Utility Dive: PJM's capacity auction delay sets up a high-stakes battle this fall over the rules governing the largest electricity market in the U.S.
Last month, state members of the Mid-Atlantic electricity market asked FERC to revisit its June decision invalidating capacity auction rules. FERC ruled that state energy policies, like nuclear subsidies or renewable energy mandates, are suppressing capacity prices, but Maryland, Illinois and New Jersey argued the decision overstepped the federal agency's legal jurisdiction.
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