PJM's capacity performance proposal: FERC delivers a strong order

This ICF International "quick take" reviews the Federal Energy Regulatory Commission's (FERC) June 2015 order where it broadly accepted PJM's capacity performance (CP) proposal with modifications. Key topics include:

• PJM's capacity market going forward and potential effects on capacity supply, bidding behavior, and prices
• Estimated effect on prices and reliability for regional transmission operators (RTO)
• Stakeholders, risks, and enhanced opportunities under the new CP construct