Dive Brief:
The Federal Energy Regulatory Commission on Thursday voted 3-1 to vacate an "infamous" footnote added to a rehearing order on the PJM Interconnection's broader minimum offer price rule (MOPR) proceeding.
FERC's order eliminates confusion over the footnote, which had suggested that New Jersey's default service auction could be considered a state subsidy under the expanded MOPR. "I believe this, finally, is the end of the commission's PJM MOPR proceeding," said Chairman Richard Glick. "Although I disagreed with our various MOPR orders, I do believe it is time for PJM to move ahead with the capacity auction, which has unfortunately been delayed for several years."