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'Just plain garbage,' FERC's Glick says as commission largely upholds its PJM MOPR decision
Utility Dive: FERC's Dec. 16 order proposed raising the floor price of new resources attempting to enter PJM's capacity market if they receive any kind of state subsidy. The broad language of that decision raised several questions among stakeholders concerned that any incentive to bring clean energy resources online could be considered a subsidy.
"Our December order addressed the price distorting effects of state subsidies. It did not address any effects of purely private transactions. I hope this action provides clarity regarding those investments," Chair Neil Chatterjee said during Thursday's meeting.
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