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December 22, 2024

retroactive ratemaking

PJM
Following Court Ruling, FERC Reluctantly Reverses PJM Post-BRA Change
May 9, 2024MarketsDevin Leith-Yessian
FERC partially reversed a 2023 order allowing PJM to modify a parameter for the 2024/25 Base Residual Auction to avoid a substantial increase in capacity prices in the DPL South transmission zone.
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3rd Circuit Rejects PJM’s Post-auction Change as Retroactive Ratemaking
Mar 13, 2024MarketsDevin Leith-Yessian
The 3rd Circuit vacated FERC’s order allowing PJM to revise a capacity market parameter for the DPL South zone after the 2024/25 auction had been conducted but prior to the publication of its results, ruling that it constituted retroactive ratemaking.

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