Three planned nuclear plant closures in Ohio and Pennsylvania are an all-around positive for other power plant operators in their energy market, credit-rating giant Moody’s said Friday. Its new analysis suggests that letting the First Energy plants close as scheduled would raise prices for other power plants looking to bid in next month’s auction by regional grid operator PJM Interconnection, which would improve earnings. That’s good for other power plants, such as coal-powered ones, that are facing economic hurdles. “The closures likely will raise prices in the next PJM capacity auction in late May, a material upside for other generators and project finance transactions with exposure to the PJM market,” the analysis read.
Washington Examiner 6th April 2018 read more »