PJM’s capacity crisis is reaching a boiling point. (Bloomberg)
FERC Chair Laura Swett warned that PJM may have “grown too big to function” as it struggles to handle AI-driven load growth, high power bills, and mounting pressure from states and utilities.
Why it matters: Many stakeholders (and apparently FERC) are increasingly frustrated with PJM’s cost-sharing framework and queue delays—AEP is even weighing an exit from the market.
What’s next: FERC will hold a July 23 conference on PJM reforms, Swett announced. She frames the grid’s dysfunction as more than a regional market problem—Swett thinks it’s a threat to US AI leadership.