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Power Auction Revision Was Justified, FERC Tells 3rd Circ.

By Madeline Lyskawa ( November 15, 2023, 4:52 PM EST) -- The Federal Energy Regulatory Commission defended its February approval of a controversial revision of the results of a PJM Interconnection electricity capacity auction, telling the Third Circuit that it doesn't amount to retroactively changing rates and was necessary to protect consumers from unjustly high prices....

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