07Aug
Impact of the Delayed PJM Base Residual Auction on Excess Cash Flow Sweeps Under Construction Financings
In a July 25, 2019 order, the Federal Energy Regulatory Commission (“FERC”) directed PJM Interconnection, L.L.C. (“PJM”) not to conduct the Base Residual Auction (“BRA”) to procure capacity for the 2022-2023 delivery year in August and instead to...
By:
King & Spalding
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