FERC Deadlock Allows PJM Rule Backing Renewables To Take Effect

Closely watched power market rules that could ease requirements for renewables and other low-carbon generators in the country’s largest grid region will now take effect after the Federal Energy Regulatory Commission (FERC) deadlocked on whether to approve the regulatory changes. The rule by PJM Interconnection, which covers 13 Eastern and Midwestern states, reverses a Trump-era federal policy intended to favor fossil-fuel generators in “capacity” markets intended to secure sufficient long-term power needs. The move is being hailed by renewable energy...