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PJM's Capacity Performance Proposal: FERC Delivers a Strong Order

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This ICF International "quick take" reviews the Federal Energy Regulatory Commission's (FERC) June 2015 order where it broadly accepted PJM's capacity performance (CP) proposal with modifications. Key topics include:

  • PJM's capacity market going forward and potential effects on capacity supply, bidding behavior, and prices
  • Estimated effect on prices and reliability for regional transmission operators (RTO)
  • Stakeholders, risks, and enhanced opportunities under the new CP construct