PJM

“This is something that CPower's really been doing over the last five or six years, and I think more and more in the industry will get here, is this aggregation of kind of small pieces that, that couldn't, small pieces of load in DERs that couldn't That couldn'…”

“There's actually just a study, I think maybe last week or a couple weeks ago that came out from, I think, Lawrence Berkeley National Labs that that found that permitting, I'm sorry, interconnection costs in PJM, which is the mid-Atlantic region of the US, but …”

“The overall peak load in PJM is approximately two times that in ERCOT, and yet PJM's interconnection rate overall for all resources over the past two years has been approximately 2.5 times less than ERCOT.”

“If you go even back to January of this year, PJM had Roughly four gigawatts of anticipated data center demand for AEP by 2030, and by May, AEP revised that up to closer to 15, in just five months, right?”

“And, you know, right now, I would say, you know, New York, ah, PJM, MISO, those are all regions where we expect to see a lot more growth. Than we've seen historically.”

“If you bring a hundred megawatts of gas generation, we count that as about 70 megawatts of reserve contribution. If you bring a hundred megawatts of solar, we may count that as eight to 10 megawatts of reserve contribution. You know, very, very conservative, m…”

“They had to pause the auctions for a number of years, and despite efforts to catch up and get back to that four-year forward schedule, they essentially fell so far behind that now they are in a situation where they are procuring capacity just for the next reli…”

“The pricing in the early twenty-tens was maybe around a hundred dollars a megawatt day, additional sort of reforms and changes that PJM made. Depress the price even more at those high reserve margins. I think we got down as low as 30 dollars a megawatt day, ba…”

“Customers in Ohio and Pennsylvania and Maryland, they're getting these notices. Their bills are going up by 20 or 30 bucks a month, you know. Starting this year, as a result of last year's capacity auction price, this capacity auction that, that was announced …”

“In Maryland, right, in PJM's territory, customers are seeing their monthly bills increase by up to 20 dollars a month”

“And so what we're seeing in PJM, right, is You have governors, again, both Republican and Democrat, really engaging in PJM on necessary changes and asking good questions, how can we clear this backlog, right, and really making sure they have the information th…”

“You've got seven 65 KV AC plans. We mentioned SPP, but MISO in the more of the, like, the Great Lakes part of the Midwest and is looking at seven 65 PJM as well, and they just came out with a new very much more ambitious plan than we've seen from them. In the …”

“We had a period of time between, let's say, 2008, the great financial crisis, and, ah, really the last year or two where there was virtually no demand growth in the PJM market.”

“So if you look at demand response and what's happened to demand response over the last several auctions we haven't had much more demand response participation in spite of the fact that the price signal has gone from virtually no payment for capacity to a very …”

“Large scale gas is a 20, 30 plus new resource.”

“When we rewind back just a couple of years, we had capacity clears that were going off between 30 and 50 dollars per megawatt day, and that compares to a little bit over 300 dollars a megawatt day in the more recent clears and subject to the cap in the capacit…”

“If you look at like PJM and you see what's happening at PJM right now, the prices are going sky high, capacity prices in the The base residual auctions are at an all-time high”

“I think later this year, as you know, Emerald and NVIDIA and some other partners, Digital BLT, Epri, Dominion, and PJM, we will put together the world's first, ah, A hundred megawatt commercial scale AI factory that is truly power flexible. It's custom designe…”

“The latest numbers show that in January of this year, NERC forecasts a summer peak increase of 224 gigawatts, almost all of which will come from data centers. Data centers now account for 94% of PJM's projected peak load growth, and by 20:30 EPRI forecast that…”

“It's a planned high voltage transmission line spanning about a 107, I think a little over a hundred miles in PJM. It would run from Southwestern Pennsylvania to Northern Virginia, crossing through Maryland and also a good chunk of West Virginia. It's being dev…”

“Definitely over the next like 36 to 48 months. My guess is bring your own capacity, right, which is sort of the umbrella term for everything I'm talking about is going to be a very, very, very quickly growing sector of this market, because when hyperscalers th…”

“If you want to build a utility scale battery in PJM today, and you submit your interconnection application to get in the queue, on average, you're waiting about six years right now. In Kaiso, you're waiting maybe nine years. In ERCOT, you're waiting maybe four…”

“The way to think about this in PJM, right, is capacity prices have gone up 11 X in the last 36 months.”