FERC lauds grid performance in bomb cyclone; PJM pushes price formation in hearing

UtilityDIVE – Although we are still receiving and reviewing data, it appears that, notwithstanding stress in several regions, overall the bulk power system performed relatively well," said FERC Chairman McIntyre in his opening testimony. 

McIntyre was one of five who testified before the committee. Others included PJM CEO Andrew Ott; ISO-NE CEO Gordan van Welie; Bruce Walker, assistant secretary of the Energy Department's Office of Electricity Delivery and Energy Reliability; Charles Berardesco, interim president of the North American Reliability Electric Corporation; and Allison Clements, president of Goodgrid. For the most part, they agreed that the lessons learned during the 2014 polar vortex showed forth in the system's recent performance as a whole. 

Baseload resources made up the majority of fuel resources in the two regional markets affected by the storm. Coal production exceeded expectations, stakeholders testified, prompting Sen. Joe Manchin (D-WV) to lay out concerns that the resource wasn't properly compensated in markets. 

Read more at UtilityDIVE.

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