PJM CEO: Grid operator will respond to FERC capacity market order within 60 days; PG&E projects set new bar for battery size but fall short on transparency; LaFleur: FERC unlikely to act on pipeline review before Powelson exit; Transmission line is 'game changer' for AEP's $4.5B Wind Catcher, Texas PUC chair says
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The utility says it is concerned the measure would lead it to retire its Palo Verde nuclear plant early, an argument contested by environmental groups.
The operator could ask federal regulators for an extension, but CEO Andy Ott said that would run the risk of not having changes in place before the next capacity market auction.
Failure to rule on the docket before Powelson leaves could empower the two Democrats on the commission, who could deadlock FERC votes until a replacement is confirmed.
The company wants to improve its balance sheet. With the potential sale of two plants in Rhode Island and Pennsylvania, it could reduce its exposure to power markets along the way.
Earlier this year, the Federal Energy Regulatory Commission narrowly voted to restrict the consideration of climate change impacts in its review of pipeline projects.
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