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The PJM Interconnection’s just-held capacity auction cleared nearly 7 GW below its reliability target and only drew roughly 500 MW of new power supply, Federal Energy Regulatory Commission Chairman Laura Swett said Thursday.
“These numbers compound the alarm bells for a call to action in PJM,” Swett said during the agency’s monthly meeting.
“Am I surprised that PJM failed to deliver? No, I am not,” Swett said later during a media briefing.
However, FERC isn’t trying to “target” PJM, she said.
