FERC Conditionally Accepts PJM Power Plant Reform Plan

The Federal Energy Regulatory Commission (FERC) has conditionally accepted the Capacity Performance Filing submitted by PJM, a regional transmission organization that manages the energy grid in the Midwest and Mid-Atlantic regions. The decision, dated June 10, 2015, is subject to PJM submitting a compliance filing within 30 days. This move is aimed at reforming the energy market rules in the region, with key companies such as NRG Energy, American Electric, and Exelon participating in the PJM.

Key Takeaways:

• FERC conditionally accepted PJM's Capacity Performance Filing, effective April 1, subject to PJM's submission of a compliance filing within 30 days.
• The commission rejected some aspects of PJM's proposed revisions to energy market rules, directing further modifications to the operating parameters rules.
• FERC accepted PJM's proposed revisions to rules related to force majeure and generator outages, finding them to be just and reasonable.
• The commission denied PJM's complaint related to Maximum Emergency Offers, finding that the current rules are not unjust and unreasonable.
• Participating companies in the PJM include NRG Energy (NRG), American Electric (AEP), Calpine (CPN), Dynegy (DYN), Exelon (EXC), and Talen Energy (TLN).
• The decision is aimed at reforming energy market rules in the Midwest and Mid-Atlantic regions.

Statistics:

• 30 days: The timeframe within which PJM must submit a compliance filing to the FERC.
• 4: The number of companies participating in the PJM, including NRG Energy, American Electric, Calpine, Dynegy, Exelon, and Talen Energy.

Sources:

• FERC: elibrary.ferc.gov/idmws/File_list.asp?document_id=14346363
• TheFlyOnTheWall.com
• COMTEX