Capacity markets for electricity have always lacked some clarity as they were created in the dynamic of settlement processes in cases within RTOs and ISOs. Now reputable market analysts estimate that 40,000-60,000 MW of coal fired generating capacity will be retired, mothballed or otherwise taken off-line by 2020. Even assuming that enough renewable energy resources could come on line to replace such capacity (which is unlikely), regional capacity markets face a variety of challenges in their efforts to update existing baseload capacity, including:
This discussion will consider the foregoing challenges in the context of developing alternative solutions for planning reliable new capacity sources (including distributed generation, efficiency and DSM resources, premium dispatchible renewable generation, and ancillary service products) that can realistically be brought on line within the necessary time constraints. The discussion will also include consideration of prior proposals (e.g., New England Capacity markets, the NJ LCAPP initiative, MD generation outside of the PJM market), the new PJM minimum offer price rule and the FERC's evolving views on that proposal. In addition, the program will consider whether FERC has effectively created a regulatory framework where state-incentivized generation cannot clear the market, and consumers may have to pay twice effectively for the same capacity.
Please join us for an interesting and provocative discussion by a panel of industry experts. After a short presentation by each of our panelists, the floor will be open for participants to ask questions.
Q & A Submission:
Q & A both on the teleconference and live at the host firm sites, will follow the speakers' presentations.
12:00 pm - 1:30 pm Eastern
11:00 am - 12:30 pm Central
10:00 am - 11:30 am Mountain
9:00 am - 10:30 am Pacific
8:00 am - 9:30 am Alaskan
Robert F. Riley, Partner, Williams Mullen PC (Washington, D.C.)
Michael W. Wise, McDonald Hopkins, LLC
Todd Foley, SVP Policy & Government Relations, ACORE
Michael J. Zimmer, Senior Counsel, Thompson Hine LLP
Roger Stark, Partner, Ballard Spahr, LLP
Philip Q. Hanser, Principal, Brattle Group
Commissioner Marc L. Spitzer, Partner, Steptoe and Johnson
Roger D. Stark, Partner, Ballard Spahr LLP