June 2 (Reuters) - U.S. DEPARTMENT OF ENERGY:
SAYS IT ISSUED AN EMERGENCY ORDER UNDER SECTION 202$(C)$ OF THE FEDERAL POWER ACT.
SAYS THE ORDER DIRECTS PJM INTERCONNECTION (PJM) TO OPERATE SPECIFIED GENERATION UNITS AT THE EDDYSTONE, PENNSYLVANIA GENERATION STATION PAST THEIR PLANNED RETIREMENT
SAYS THE ORDER FOLLOWS RECENT STATEMENTS FROM PJM WARNING THAT ITS SYSTEM FACES A “GROWING RESOURCE ADEQUACY CONCERN” DUE TO LOAD GROWTH, THE RETIREMENT OF DISPATCHABLE RESOURCES, AND OTHER FACTORS
SAYS THE ORDER STATES THAT PJM SHALL, IN COORDINATION WITH CONSTELLATION ENERGY, RUN SPECIFIED UNITS AT THE EDDYSTONE GENERATING STATION, WHEN PJM DEEMS NECESSARY, PAST THEIR PLANNED RETIREMENT DATE OF MAY 31, 2025
((Reuters.Briefs@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.