Glick pushes back on Chatterjee capacity comments

Source: BY KELSEY TAMBORRINO, Politico • Posted: Thursday, February 13, 2020

GLICK PUSHES BACK ON CHATTERJEE CAPACITY COMMENTS: Democratic FERC Commissioner Richard Glick on Wednesday pushed back on Chatterjee’s earlier prediction that states will not leave the PJM capacity market after FERC moved to block subsidized nuclear and renewable energy from it. Chatterjee said Tuesday he thinks states will still “see value” in the capacity market, but Glick said he doesn’t “have the same ability … to read the minds of state commissioners.”

“I only listen to what [states] have to say , and quite a few of them seem to be upset and at least they are thinking about leaving. I don’t know what they’re going to do, but before FERC moves forward on a number of issues … we need to think what are the ramifications down the road. It’s not like no one had warned states might have this reaction.”

Chatterjee also reiterated his argument that FERC had to block subsidized resources to prevent the market from being consumed by them — one that Glick called “ridiculous.” “The headline for me there is we had to kill the capacity market in order to save the capacity market and to me that’s crazy logic,” Glick said. “I think that’s hyperbole.”