PJM’s Revised Data Center Backstop Procurement Plan Reduces Utility Risks: ICF

PJM’s revised data center backstop procurement plan reduces utility risks: ICF

The planned procurement could be for as little as 630 MW, down from an initial 6,800-MW target, after utilities in the PJM Interconnection’s footprint lowered their large-load forecasts, Jefferies analysts said.

PJM Proposes $20 Billion Power Auction to Meet Data Center Demand

PJM Interconnection has submitted a revised proposal for a special power auction that could pay electricity generators more than $20 billion over 15 years, an effort to address the rapidly growing power demands of AI data centers. The proposal, filed with the Federal Energy Regulatory Commission (FERC), would allow PJM to begin bidding on March [...]