PJM power plant owner may owe $2 billion in fines due to winter storm incident
The largest U.S. grid operator, PJM Interconnection, said on Thursday it was investigating why power plant owners unable to provide the necessary power during a major winter storm last month when customers narrowly avoided a power outage.
generator unable to supply electricity increases in three days of peak demand at the end of December could face fines of up to $2 billionaccording to the initial estimate given by the grid operator.
Nearly 46,000 MW, or 23.2% of PJM’s generator fleet, unexpectedly shut down on December 24, mainly due to plant equipment failure and fuel supply problems. data, a senior manager of PJM said in a press conference. present to the grid operator.
Gas generation accounts for ~70% of unplanned outages, of which can lead to political consequencesAccording to ClearView Energy Partners, because “natural gas producers often argue that they are more flexible and more reliable.”
Among the More than 1,000 members of PJM are companies affiliated with American Electric Power (AEP), AES Corporation (AES), Algonquin Power (AQN), Allet (ALE), Union Energy (LNT), Altus electric (AMPS), Avangrid (AGR), Brookfield Energy (BAM MY), Edison merged (ED), Constellation Energy (CEG), Energy consumption (CMS), Dominant energy (EASY), DTE Energy (DTE), Duke of Energy (DUK), Evergy (EVRG), Exelon (EXC), New Jersey Resources (NJR), NextEra Energy (NEE), PPL Company (PPL), PSEG (CUC), South Jersey Industry (SJI), Southern Company (THEREFORE), UGI Corporation (UGISTER)