PJM Requests Delay In Upcoming Capacity Auction

On April 7, 2015, PJM Interconnection, L.L.C. ("PJM") requested a one-time waiver of its tariff so that PJM may delay its upcoming Base Residual Auction ("BRA") until after FERC has ruled on its December 2014 capacity performance tariff revision filing.  PJM requested to delay the BRA from the week of May 11-15, 2015 to a week that is 30 to 75 days after FERC's ruling on the merits of its capacity performance proposal, but no later than the week of August 10-14, 2015.  PJM stated that the delay until after FERC acts on its capacity performance filing would allow for market participant certainty on the status, schedule, and rules for the BRA.

On December 12, 2014, PJM submitted a series of capacity performance tariff revisions.  In its filing, PJM stated that the tariff revisions would provide greater assurance that resources committed as capacity will meet PJM's reliability needs during emergencies.  PJM stated that these tariff revisions were to apply to the May