Power execs press electric grid operator for help on revenues

nj environment news, electric transmission lines

TOM JOHNSON /  NJ SPOTLIGHT – The chief executive officers of three major energy companies are pressing the regional grid operator to move much faster on a slew of reforms that would boost revenues from their power plants, a move opponents say could increase prices to consumers.

In a letter to the PJM Board of Managers last week, the executives expressed concern about the slow pace of progress in deciding significant changes in how energy prices are established within the nation’s largest power grid.

The latest installment in the decade-old discussion is occurring as two of the companies — Public Service Enterprise Group and Exelon — are seeking approval for hundreds of millions of dollars in ratepayer subsidies …

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