FERC Issues Order on Rehearing and Compliance in the PJM MOPR Proceeding; Directs PJM to Wait to Conduct 2019 BRA for 2022/23 Until the Issuance of Another FERC Order
By EsqSocial Corporation 22/10/20
PJM Interconnection, L.L.C. (“PJM”) postponed its May 2019 annual capacity auction (known as a Base Residual Auction or “BRA”) pending further FERC orders over the expansion of PJM’s Minimum Offer Price Rule (“MOPR”) to cover all resources receiving “State Subsidies.” In an October 15, 2020 order (“October 2020 Order”) addressing arguments on rehearing, PJM’s MOPR-related compliance filings, and PJM’s proposed May 2019 BRA implementation schedule, FERC largely upheld its April 16, 2020 order on...
By: Troutman Pepper