NJ Utilities Board Rips PJM's Proposed Price Control Changes

Law360, New York (January 4, 2013, 6:46 PM EST) -- New Jersey's utilities regulator has bashed a regional transmission organization's proposed revisions to price control rules for its capacity auctions, claiming they would unreasonably hamper new, state-supported power plants from participating in the marketplace.

PJM Interconnection LLC's changes to the “minimum offer price rule” undercut the state's authority to ensure the reliability of its electric supply, the New Jersey Board of Public Utilities argued in a Dec. 28 protest with the Federal Energy Regulatory Commission.

Largely targeting gas-fired resources, MOPR is supposed to guard against less-than-competitive...
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