Capacity auction prices increased sharply in most of PJM for delivery year 2021/22, with demand response and energy efficiency making gains while cleared nuclear power capacity dropped.

New Jersey Gov. Phil Murphy signed legislation to subsidize the state’s nuclear generating fleet and boost renewable generation including solar, storage and offshore wind.

A recently passed New Jersey law could lead to the state subsidizing nuclear plants outside its borders, Public Service Enterprise Group (PSEG) CEO Ralph Izzo said during his company’s first-quarter (Q1 2018) earnings call Monday.

The closure of four nuclear plants in Pennsylvania and Ohio would boost power prices and carbon emissions, undoing the clean air benefits of renewables, according to a Brattle Group report.

PJM won’t abandon the Artificial Island transmission project because of threats to close the two nuclear plants it’s intended to support, the RTO said.

Nuclear Energy Institute CEO Maria Korsnick expressed support for FirstEnergy’s request that the Department of Energy declare an emergency in PJM.

FirstEnergy Solutions filed for bankruptcy Saturday, two days after asking Energy Secretary Rick Perry to issue an emergency order directing PJM to compensate coal-fired and nuclear power plants.

PJM assured Pennsylvania legislators that the state has ample power generation for its needs and cautioned that fuel diversity will not ensure reliability.

New Jersey lawmakers once again voted to advance legislation out of committee that would provide subsidies to the state’s nuclear fleet.

Exelon executives expressed confidence during a fourth-quarter earnings call that other states will adopt zero-emission credit (ZEC) programs this year.