WASHINGTON – Today, the Federal Energy Regulatory Commission (FERC) issued a long-awaited decision regarding how electricity prices are determined at capacity auction for the PJM regional transmission system.
In response, Food & Water Action Climate & Energy Director Mitch Jones released the following statement:
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“This order will hurt wind and solar, while propping up failing and flailing coal and gas plants. It is a terrible decision by a reckless regulator that will help to doom us all to an unlivable planet. And it shows even more why we need a Congress and a president that are willing to take the bold and decisive actions we need to stave off the worsening effects of our climate crisis: Ban fracking, stop all new fossil fuel infrastructure, and make a fair and just transition to 100 percent renewable energy.”