This audio is auto-generated. Please let us know if you have feedback.
Public Service Enterprise Group’s unregulated power generation arm is exploring opportunities to supply data centers through the PJM Interconnection’s backstop reliability initiative, company officials said Tuesday during an earnings conference call.
PJM has proposed a two-part process for meeting large load demand. It includes a one-time capacity auction that would start Sept. 30 as well as a process that has already started for matching power suppliers with planned large loads, which would lead to long-term bilateral contracts.
Initial bilateral deals could be announced in August, but the entire process could continue into next spring.
PSEG Power, an unregulated PSEG subsidiary, has floated several power supply proposals in New Jersey and other parts of PJM in the bilateral contracting portion of PJM’s initiative, according to Ralph LaRossa, PSEG chair, president and CEO.
