PJM Interconnection’s board of managers has approved the grid operator’s proposal to address the Federal Energy Regulatory Commission’s controversial December 2019 minimum offer price rule (MOPR) order affecting PJM’s forward-looking capacity auctions. (PJM operates the largest wholesale competitive electricity market in the country.)

Three Illinois nuclear power plants—Byron, Dresden, and Quad Cities—did not clear in last week’s long-delayed PJM Interconnection capacity auction, Exelon Generation reported in a filing with the Securities and Exchange Commission.

The news is likely to further pressure the Illinois General Assembly to pass a comprehensive energy package—one with subsidies for the state’s financially ailing nuclear plants—before Exelon moves forward with its plan, announced last August, to prematurely retire Byron and Dresden.

Glick

This morning, on his first full day in office, President Joe Biden appointed Richard Glick chairman of the Federal Energy Regulatory Commission. Glick joined FERC as a commissioner in late 2017, having been picked for the job by President Trump in August of that year. His term ends June 30, 2022.

“I'm honored President Joe Biden has selected me to be @FERC Chairman, thank you Mr. @POTUS,” Glick tweeted. “This is an important moment to make significant progress on the transition to a clean energy future. I look forward to working with my colleagues to tackle the many challenges ahead!”

Exelon Generation, operator of the largest nuclear reactor fleet in the United States, intends to downsize that fleet next year by retiring its Byron and Dresden plants. In an announcement released early this morning, Exelon said that the two-unit Byron, located near Byron, Ill., would be permanently closed in September 2021, followed in November by the two-unit Dresden, located in Morris, Ill.

Byron is licensed to operate for another 20 years; Dresden, a much older facility, is licensed for another decade.

The New Jersey Board of Public Utilities (BPU) initiated an investigation into possible alternatives to participation in the regional capacity market administered by PJM Interconnection, New Jersey’s regional transmission organization.