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FERC rejects PJM capacity market reform proposals, seeks quick resolution

In a 3-2 decision that drew sharp dissent from two commissioners, the Federal Energy Regulatory Commission late Friday rejected both of PJM Interconnection’s proposals to address failures in its capacity markets due to state subsidies supporting preferred generation resources. Whether to add more renewable energy or to keep struggling emissions-free nuclear online, many states are increasingly … Read more

PJM power auction could bring lower electricity prices in 2021

By: Delaware Business Now | Delmarva Power customers couldsee slightly lower rates for electricity in coming years. Grid operator PJM Interconnection reported its auction produced higher price for a period from a one-year period beginning in June 2021. Prices were up from the past auction, due in part to transmission limits. However, Jacob Sneeden of … Read more

Public Hearings Set on Proposed Delmarva Power Rate Hikes in Delaware

By: WBOC16 | Delaware residents will get the chance to weigh in on proposed rate hikes sought by Delmarva Power. The Newark-based utility is seeking a 6 percent jump in electricity rates and a 9 percent hike in natural gas rates. Power company officials say the money would be used to pay for infrastructure upgrades. … Read more

Electric Capacity Markets Are Failing the Northeast

By: Bill Bottiggi | This week, Boston welcomes the Quadrennial Energy Review roadshow to town for a stakeholder engagement meeting. The QER process began in January 2014 when President Obama issued a memorandum directing the administration to translate energy-related policy goals into recommended actions through 2018. Season one of the QER, which ran in 2015, … Read more

Delaware balks at power line funding formula

By: Jeff Montgomery | Delaware utility regulators are balking at a plan to make Delmarva Peninsula customers help fund a $200 million power line project benefiting New Jersey and Pennsylvania. New York-based LS Power is planning a 230-kilovolt line from the Salem/Hope Creek nuclear complex in New Jersey under the Delaware River to a transmission … Read more