Dynegy Inc. today reported its results from the PJM transition auction for the 2017/2018 delivery year. The transition auction cleared at $151.50 per megawatt-day.

Dynegy cleared and converted 6,508 MW from the existing base product to the Capacity Performance (CP) product including 471 MW to be imported into PJM from the Company’s IPH segment assets located in MISO. Based on the transition auction clearing price and the remaining base capacity product, Dynegy's PJM Capacity revenues for planning year 2017/2018 total $534 million representing an increase of $75 million over the previously cleared volumes.

PJM has now concluded the transition auctions for planning years 2016/2017 and 2017/2018 and the capacity auction for planning year 2018/2019. For the three upcoming planning years, Dynegy cleared volumes in these PJM auctions that will provide capacity revenues in excess of $1.6 billion before consideration of potential performance bonuses or penalties.

Tags:
Dynegy   Capacity Markets   Wholesale  

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