CRA supported Jersey Central Power and Light (JCP&L) in reviewing responsive options to reforms in the PJM capacity market, which threaten to lead to over-procurement and increased costs to ratepayers. CRA’s analysis, filed with the New Jersey Board of Public Utilities, was designed to inform JCP&L in understanding the economic and administrative considerations with certain responsive options, including a particular proposal put forth by other stakeholders. CRA experts also put forth an alternative capacity procurement “straw man” proposal that accounts for prevailing participant incentives and will support cost effective outcomes for New Jersey customers. CRA’s analysis included total and distributional cost issues, procurement considerations, market power, and risk management.
CRA’s Energy expert offers insight into NV Energy wildfire insurance policy proposal
NV Energy, the state’s largest utility, has proposed a $500 million insurance plan, funded in part by ratepayers, to help manage potential liabilities if its...