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States say FERC overstepped its bounds in PJM capacity market order
Utility Dive: FERC’s June order finding PJM's market rules unjust and unreasonable is the product of years of debate among players in the mid-Atlantic electricity market over the impact of state energy policies.
Gas and coal generators argue policies like nuclear subsidies and renewable energy mandates allow those resources to bid into the capacity market at lower prices than they otherwise would, suppressing the clearing price for the whole market.
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