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PJM capacity auction the next test for plant developers

PA’s energy markets expert, Ethan Paterno, is quoted in SNL Financial regarding the PJM capacity auction.

Commenting on development, Ethan said: “It is natural that development will slow, as the ‘low-hanging fruit’ sites that have lower infrastructure costs and easy access to natural gas get progressively harder to find.”

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Ethan concludes: “Clearing prices in ComEd will be higher than those in the rest of PJM, given that not all nuclear plants in the region such as Exelon Corp.'s Byron Generating Station received subsidies under Illinois' law.”


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