Exelon Commends FERC for Order Extending PJM Price Collar, Continuing Cost-Saving Measure for Customers
Exelon Corporation (EXC)
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Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Exelon commends an order issued on April 28th by the Federal Energy Regulatory Commission (FERC) that extends the current capacity price collar in PJM. As a part of the recently launched Exelon Promise, the public utility company has been advocating for policy reforms, like the extension of PJM’s capacity price collar, as an essential component of managing energy affordability challenges customers are navigating as efforts to plan for the current and future reliability of the PJM regional electric grid advance.With the order, the price collar will now cover the period between June 2028 – May 2030 – during this time, Exelon expects that this extended collar will save customers in the PJM region tens of billions of dollars, providing immediate relief while stakeholders continue to collaborate on long-term solutions for energy affordability, reliability and supply challenges facing PJM.“Exelon shares frustration over high energy supply costs, which is why ad
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