PJM market monitor challenges Constellation-Calpine merger analysis
The market monitor challenges the merger’s market power analysis, citing insufficient assessment of transmission constraints and dynamic submarkets.
The market monitor challenges the merger’s market power analysis, citing insufficient assessment of transmission constraints and dynamic submarkets.
The challengers highlight that ANR’s proposed return on equity of 14.54% is 300 basis points higher than FERC’s most recently litigated ROE.
Distribution, transmission, and state policies identified as major contributors, challenging assumptions about PJM’s recent record capacity auction.
The Electric Power Supply Association, PJM Power Providers Group, and several generation companies are stepping up their opposition to PJM’s rules on the co-location of load.
The decision establishes a temporary price cap and floor for 2026/2027 and 2027/2028 delivery years, aiming to balance market stability and consumer protection amid rapid load growth and resource retirements.
LSP Digital’s proposal to shift Doswell Generating Station’s capacity to a behind-the-meter data center faces opposition from the PJM Independent Market Monitor.
Pennsylvania’s rate advocate warns the deal gives Constellation nearly 40% of the state’s retail power market, raising anti-competitive concerns.
PJM has designated the multi-state transmission project portfolio as essential to address reliability issues and growing data center loads by 2030.
The advocacy group argues that ISOs lack the legal authority to collect tariffs, which are the responsibility of U.S. Customs and Border Protection.
The exclusion of RMR capacity in the 2026/2027 auction could cost consumers as much as $14.5B, OPSI says.
Utilities demand FERC intervention, hearings, and potential refunds.
The protest comes as Trafigura aims to strengthen its North American gas and power operations.