PJM’s market monitor is urging FERC to reject a proposed deal for private equity to buy two peaking power plants. Here’s why ➡️ (Utility Dive)
Hull Street Energy wants to buy two plants totaling 1,267 MW from Rockland Capital.
PJM’s market monitor’s take? The deal would redirect the plants away from PJM’s grid capacity to just serve (you guessed it) data centers. With supply tightening and demand spiking, the watchdog said this deal “enhances HSE’s ability to exercise market power adverse to competition and adverse to rates,” making the deal “inconsistent with the public interest.”