FirstEnergy Opposes Key Element of PJM Data Center Procurement Plan
FirstEnergy has expressed opposition to a key part of PJM Interconnection’s proposed Reliability Backstop Procurement auction, citing concerns over the involvement of PJM as a middleman in the process. The company’s CEO emphasized that power plant developers should contract directly with end-use customers. FirstEnergy reported strong Q1 earnings and has significant data center contracts in its pipeline.
Tickers: $FE
Topics: data center procurement FirstEnergy grid reliability PJM Interconnection utility regulation