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How FERC's 'unprecedented' PJM order could unravel capacity markets
Utility Dive: The Federal Energy Regulatory Commission last week ordered changes to PJM’s capacity market rules that regulatory veterans say will reshape the grid operator’s relationship with its state participants and could lead to the unraveling of the capacity market construct altogether.
"This is unprecedented federal intervention in state policy," said Rob Gramlich, an energy consultant and former advisor to former FERC Chair Pat Wood III. "We've never seen this kind of federal intrusion in the energy industries."
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