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Stock impact report

PJM market monitor opposes Maryland power plant sale to data center company [Yahoo! Finance]

TeraWulf Inc. (WULF) 
Company Research Source: Yahoo! Finance
This story was originally published on Utility Dive . To receive daily news and insights, subscribe to our free daily Utility Dive newsletter The PJM Interconnection's market monitor on Wednesday urged federal regulators to reject an application from GenOn to sell a 216-MW power plant in Maryland to TeraWulf over concerns the data center developer would remove the resource from PJM's market. Taking the four oil-fired Morgantown generating units out of the PJM market would run counter to “principles” issued by the National Energy Dominance Council and the PJM governors that call for new data centers to provide new generation, Monitoring Analytics, the market monitor, said in a filing with the Federal Energy Regulatory Commission The proposed deal between TeraWulf and GenOn would also shift risks and costs to PJM customers and would be inconsistent with the public interest, according to Monitoring Analytics. The Trump administration and others have been pressing for data center Show less Read more
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