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Board hears update: power-supply costs rising, driven by PJM capacity prices
Board of Utilities · March 23, 2026
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Summary
Staff reported 2026 power-supply costs are expected to rise from about $55 million to roughly $60 million, primarily due to higher PJM capacity-auction prices and a January spike tied to Winter Storm Fern; capacity charges in January rose from about $100,000 last year to roughly $770,000 this year.
Board staff reported a notable increase in power-supply costs flowing into the 2026 budget, driven mainly by higher PJM capacity-auction prices and an extreme cold-weather event in January.
Assistant director Jim said the utility budgeted about…
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