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Infrastructure › Capacity Market

Troutman Pepper

Third Circuit Upholds PJM Capacity Market Change but Prevents Retroactive Application

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On March 12, 2024, the U.S. Court of Appeals for the Third Circuit upheld a prospective rule change to PJM Interconnection, L.L.C.’s (“PJM”) annual capacity auction but struck down attempts by PJM and FERC to apply the rule...more

Troutman Pepper

FERC Approves Changes to PJM Capacity Accreditation Rules; Rejects Proposed Changes Seeking to Better Reflect Risk in Capacity...

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On January 30, 2024, FERC approved, subject to condition, PJM’s proposal to reform its Reliability Pricing Model, including resource adequacy risk modeling, capacity accreditation, testing requirements for capacity resources,...more

Troutman Pepper

FERC to Convene Forum on PJM Capacity Market

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On April 19, 2023, FERC announced it would hold a forum to discuss the PJM Interconnection, L.L.C. (“PJM”) capacity market. The Commissioner-led forum is scheduled for Thursday, June 15, 2023. There will be three panels to...more

Morgan Lewis - Power & Pipes

FERC Clarifies Order on State-Directed Default Service Auctions in PJM

Morgan Lewis - Power & Pipes on

FERC has issued an order revising its prior order on PJM’s Minimum Offer Price Rule (MOPR) by vacating a footnote that suggested the New Jersey Basic Generation Service default service auction—and by extension other state...more

Pierce Atwood LLP

Record Low ISO-NE Forward Capacity Clearing Price

Pierce Atwood LLP on

On Monday, February 3, 2020, ISO New England’s 14th annual power generation forward capacity auction (FCA) closed at $2.00/kW-month, the lowest clearing price in the auction’s history, and a 47% decrease from the...more

Orrick, Herrington & Sutcliffe LLP

Major Reforms to FERC Market-Based Rate Program Include New Data Collection Requirements

Orrick, Herrington & Sutcliffe LLP on

In a pair of rulemaking orders issued July 18, 2019, the Federal Energy Regulatory Commission (FERC) revised its regulations and policies for obtaining and maintaining authority to sell wholesale energy, capacity and...more

Hogan Lovells

Energy Snippets

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IEA says world cannot "press pause" on renewables, as capacity growth stalls - The International Energy Agency (IEA) has expressed concern over the “unexpected flattening” of renewable-energy capacity additions in 2018,...more

Pierce Atwood LLP

FERC Approves CASPR, ISO-NE’s New Forward Capacity Auction

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On March 9, 2018, the Federal Energy Regulatory Commission (FERC), in a split decision, approved ISO-New England Inc.’s (ISO-NE) proposed tariff revisions to accommodate entry of additional clean energy resources into the...more

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