FERC Press Conference | July 24, 2025

Federal Energy Regulatory Commission (FERC) Chairman Press Conference · July 24, 2025

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Opening remarks: PJM capacity auction and reliability

Presentation

0:01 → 4:21(4m 21s)

Chairman (FERC) warned that a reliability crisis is already present after the latest PJM capacity auction fell short of its reliability requirement (initially described as about 300 megawatts), covered by FRR resources. He said capacity prices reached record highs and urged construction/financing of new generation (rate-basing, capacity-market financing, PPAs), and flagged data-center load as a major driver of rising demand.

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FERC chairman reviewed PJM capacity-auction results and warned of an immediate reliability shortfall, discussed regulatory housekeeping (including a call to sunset Order 679), explained FERC's forthcoming NEPA procedures after the "7 County" decision, and answered questions about staffing, transmission costs and a recent order asking NERC to study exemptions for inverter-based resources.

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Transcript

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