November 2, 2018 Read More →

Grid CEO: No need for federal coal, nuclear bailout

Washington Examiner:

The operator of the largest power market in America released a report Thursday finding that its electricity supply would hold up against a range of threats, providing evidence against the Trump administration case for preserving coal and nuclear plants.

“The PJM system is reliable today and will remain reliable into the future,” the grid operator, PJM Interconnection, said in an eight-page summary of a much-anticipated report slated for full release in December.

Andrew Ott, president and CEO of PJM, amplified that assertion later Thursday during a press conference in Washington D.C.

“The grid is more reliable today than it’s ever been,” Ott said.

PJM covers a large territory representing 65 million people in 13 states from Illinois to Virginia.

The report weighs against the Trump administration’s interest in using emergency power to keep coal and nuclear plants alive.

“We think government intervention is unnecessary,” Ott said. “Nothing in our report would say there is a specific need for a specific fuel source. We are fuel neutral.”

More: Largest power grid operator dismisses the threat of coal and nuclear plant closures

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