February 19, 2021
FERC Vacates Footnote That Suggested NJ Default Service Auction Constituted State Subsidy To Generators, Would Be Subject To Minimum Offer Price Rule
FERC has vacated a prior footnote, in an order on the Minimum Offer Price Rule in the PJM capacity market, which had suggested that New Jersey's basic generation service (BGS) default service auction did not meet the PJM tariff exemption that holds that fuel-neutral SOS auctions do not trigger the…