FERC: PJM Capacity Performance Filing ‘Deficient’
PJM’s controversial Capacity Performance plan was turned back Tuesday by the Federal Energy Regulatory Commission, which deemed the filing deficient and gave the RTO 30 days to provide additional information (ER15-623).
FERC’s four-page order questioned 10 areas of the proposal, which was conceived to increase reliability expectations of capacity resources with a “no excuses” policy. PJM had hoped to begin phasing in the new standards in May’s Base Residual Auction.
Commissioners compared aspects of the plan with ISO-NE’s “pay-for-performance” design, which it approved last year and on which PJM’s proposal was in large part modeled.