FERC Partially Approves PJM Backstop Power Auction — SkimNews
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- PJM planned to accept offers for backstop power supplies from Sept. 30 through Oct. 21 after falling short of its reserve margin targets amid aggressive data center load growth.
- FERC only partially approved PJM's plan, zeroing in on cost allocation concerns.
Why it matters: FERC's partial approval leaves PJM's path to closing its reserve shortfall unresolved, and the cost-allocation rules for any backstop power will now determine who pays for the gap that surging data center demand is creating on the grid.
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