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FERC Denies Rehearings on PJM Capacity Rulings, in a Blow to States’ Renewables Plans
GreenTech Media: The Federal Energy Regulatory Commission on Thursday rejected requests to reconsider its controversial orders that will upend the $10 billion-per-year capacity market of mid-Atlantic grid operator PJM by forcing state-subsidized renewable energy resources to bid at higher prices that could render them uncompetitive.
In Thursday's vote, FERC’s Republican majority rejected rehearing requests from states that say their clean energy goals will be undermined if renewables are forced to bid at higher, administratively set prices.
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