Regs
FERC Chairman Laura Swett noted that PJM Interconnection's latest capacity auction results fell nearly 7 GW short of reliability targets, attracting only about 500 MW of new generation, which intensified the 'alarm' for reform. She emphasized that the issues involve multiple levels, including federal, market, state, and entities, requiring coordinated action from all parties. FERC will hold a technical conference on July 23, focusing on PJM governance issues.
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