March 12, 2014
Bleed Customers Dry: State Regulators Say PJM Generators Seeking to Recover Inflated Costs Not Actually Experienced Under FERC Waiver Make-Whole Payments
Generators in PJM may be exploiting the make-whole payments granted to capacity owners by FERC, allowing cost recovery above the $1,000/MWh price cap, by, "requesting recovery of natural gas 'costs' that they did not in fact experience, but rather which represent simply a published 'spot' cost of…