FERC rejects most of PJM's temporary curtailment plan to manage data centers

What happened: FERC rejected most of PJM Interconnection's plan for connecting data centers and other large loads, including interim service and "bring your own new capacity" rules. Key numbers: PJM forecasts data center demand to triple by 2030 to about 29 GW in its Midwest and Mid-Atlantic territory. Why it matters: Jefferies said the ruling could keep capacity prices higher for longer, which it called positive for existing generation and independent power producers such as $CEG, $NRG, $TLN, and $VST. Market: +0.6% by next close ($295.79 on Oct 13), -23.5% YTD Coverage: 3 outlets in 24h

FERC rejected most of PJM Interconnection's plan for connecting data centers and other large loads, including interim service and "bring your own new capacity" rules.

Jefferies said the ruling could keep capacity prices higher for longer, which it called positive for existing generation and independent power producers such as $CEG, $NRG, $TLN, and $VST. Market: +0.6% by next close ($295.79 on Oct 13), -23.5% YTD