January 19, 2015
FERC Makes Capacity Commitments Meaningless, Says PJM Offer Cap Unjust And Unreasonable For "Winter Months" in Adopting Higher Cap
Ignoring capacity owners' forward commitments to provide energy under the current $1,000 offer cap, FERC has ruled that PJM's current offer cap is unjust and unreasonable for the, "winter months."