PJM subsidiary looks to Western markets, with new RTO a possibility
A series of tweets between RTO Insider and a Montana regulator has revealed more about the intentions behind PJM Connex and Peak Reliability’s announcement yesterday.
Montana PSC Vice Chair Travis Kavulla posted a screen shot of Western Power Trading Forum Gary Ackerman’s newsletter, which gave details via Peak Reliability CEO Marie Jordan that the new entity will begin with a blank slate and will be offering a full range of markets.
In a statement, Jordan said the partnership “seeks to leverage Peak’s West-wide system model, PJM’s markets expertise, and our combined processes, people and tools. Both Peak and PJM share a strong commitment to developing solutions, tailored to the Western Interconnection.”
Despite all this, PJM spokeswoman Susan Buehler told RTO Insider that “it’s way too early to predict” if the final outcome will be a new regional transmission organization, or something closer to a voluntary balancing market.