Utility Dive•about 1 month ago
PJM market monitor opposes waivers for Constellation’s Three Mile Island nuclear restart
Key Takeaway
The increasing demand from large power consumers for long-term clean energy PPAs faces significant regulatory and market rule hurdles, even for existing generation assets like nuclear restarts in organized markets.
AI Summary
- •Constellation plans to restart its Three Mile Island nuclear unit, potentially next year, secured by a 20-year Power Purchase Agreement (PPA) with Microsoft for its data centers.
- •The PJM market monitor opposes FERC waivers requested by Constellation, which are crucial for the unit to fully deliver power upon restart, signaling potential regulatory and market rule challenges.
- •This situation highlights the strong demand from large power consumers like Microsoft for long-term, clean energy and capacity, and the regulatory complexities involved in bringing existing generation back online in organized markets like PJM.
Topics
capacity-marketdatacenteremissionsfercpjmpolicyppa
Article Content
Constellation needs the waivers from the Federal Energy Regulatory Commission to fully deliver power as soon as the unit restarts, possibly next year. It has a 20-year deal to sell all the energy, capacity and clean energy attributes to Microsoft for data centers.