PJM power plant owners could owe $2B in penalties from winter storm failures

Jan. 12, 2023 8:00 PM ETUtilities Select Sector SPDR ETF (XLU)DUK, AEP, CEG, CMS, D, DTE, ED, EXC, LNT, PEG, PPL, SO, AES, NJR, SJI, BAM, ALE, UGI, AQN, NEE, AGR, EVRG, AMPSBy: Carl Surran, SA News Editor28 Comments

High Voltage Electric Power Lines At Sunset

imaginima/iStock via Getty Images

The largest U.S. power grid operator, PJM Interconnection, said Thursday it is investigating why power plant owners were unable to supply needed power during last month's big winter storm when customers narrowly avoided outages.


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