December 10, 2024

AEP secures FERC waiver to fix PJM capacity obligation calculation

The waiver corrects for an over-procurement of an estimated 1 GW of capacity.

Rule Fix: FERC has approved American Electric Power's (AEP) request for a waiver from a provision in PJM's Reliability Assurance Agreement, addressing the calculation of capacity obligations for entities using the Fixed Resource Requirement (FRR) alternative. Faulty Calculation: Current PJM rules distribute capacity obligations for forecasted loads proportionally among all load-serving entities in a zone, regardless of their participation method. ...

Details:

Filing Date: September 13, 2024

Docket Numbers:

ER24-2699

Short Summary:

FERC has approved American Electric Power’s (AEP) request for a waiver from a provision in PJM’s Reliability Assurance Agreement, addressing the calculation of capacity obligations for entities using the Fixed Resource Requirement (FRR) alternative.

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Policies & Rulemakings

Tags: Capacity Market

Entities:

Markets: PJM Interconnection (PJM)

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Petition