
by Steve Haner
State elected leaders want more control over the regional electricity marketplace that manages the power grid in Virginia and 12 other neighboring states.ย They have a point in their complaints about PJM Interconnection Inc.โs problems but they are also deeply engaged in blame shifting for higher energy costs.ย
Governor Glenn Youngkin (R) was one the several state governors who called Monday for major changes in the governance of the regional transmission grid operator, with an open threat that Virginia might leave entirely if demanded reforms were not adopted.ย The speech was covered by the Richmond Times-Dispatch, but with little focus on just want Youngkin and the others are asking for. Youngkin also said nothing about what would replace PJM, given Virginia is a major power importer.
Top on the governorsโ joint list of reforms is an opportunity to choose, or at least nominate, two members for the 8-seat PJM governing board.ย What Youngkin and the newspaper didnโt mention is that one of the names they put forward is Mark Christie.ย Christie is the former chairman of the Federal Energy Regulatory Commission (FERC) and spent 17 years on the Virginia State Corporation Commission. He spoke right after Youngkin.
PJM, one of several regional transmission organizations around the country regulated by FERC, is currently governed by a board chosen by the multiple generation and transmission companies which are part of its network.ย Some of the most controversial energy decisions within its footprint, from eastern North Carolina to west of Chicago, are largely out of the control of state and local authorities.
Christieโs prepared remarks, which he shared with Baconโs Rebellion, and we share with you in full (with some of the acronyms explained), get into that history. A key excerpt follows:
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