By Todd Snitchler, President and CEO, EPSA for The Washington Times
In a letter to the editor for The Washington Times, EPSA President and CEO Todd Snitchler explains how investor-owned utilities can participate in competitive generation markets in PJM. He outlines the distinction between competitively developed generation, where investors bear the risks of construction and investment decisions, and monopoly utility generation, where those risks can be passed on to customers. Snitchler highlights utility generation projects already advancing in PJM and the views of consumer advocates who support maintaining competition in the region’s electricity markets.
Excerpt: When generation is built competitively, investors are the ones that bear the risk if that power plant gets delayed, exceeds construction budgets or ends up not being cost-effective. Generation built under the monopoly utility model, however, passes those risks onto captive customers.
