Last June, FERC invalidated PJM’s capacity market structure, ruling that state-subsidized resources like renewables and nuclear plants were artificially suppressing market prices. PJM responded in October with a two-pronged plan that would remove the subsidized resources from the market and raise clearing prices for the remaining resources, largely coal and
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FirstEnergy Corp. (“FE”) recently reached a stipulated agreement with the PUCO (Public Utilities Commission of Ohio) on a significantrate case and I was completely caught off guard with this news.  In fact, this significant rate case news was buried in the second half of annewspaper article, focused on FE’s earnings
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