Utility Dive•about 1 month ago
PJM market monitor opposes Maryland power plant sale to data center company
Key Takeaway
Data centers are increasingly pursuing direct ownership of generation assets, but face significant regulatory and market monitor opposition in established markets like PJM.
AI Summary
- •TeraWulf, a data center company, is attempting to acquire a power plant from GenOn in the PJM market.
- •PJM's market monitor is opposing this sale at FERC, indicating potential regulatory hurdles for large loads seeking to own generation assets.
- •This acquisition attempt aligns with a broader trend where hyperscale data centers are pledging to develop their own generation, as discussed at a White House meeting.
- •The opposition highlights increased scrutiny on M&A activities involving generation assets, particularly when the buyer is a large power consumer.
Topics
capacity-marketccgtdatacenterfercm&apjmpolicy