Pennsylvania - based PJM Interconnection has asked the Federal Energy Regulatory Commission ( FERC ) for permission to delay its proposed capacity auction auction in May 2019 . FERC's invalidation of PJM's market rules has stirred consternation in the mid-Atlantic electricity market, the nation's largest. The move comes as PJM secured an extension for time to submit new market rules , set to be submitted after voters rejected PJM 's proposed combination of a price floor and a two - part capacity auction in 2018 . PJM said a delay to the capacity auction would give the company , stakeholders and the public " more time to develop and establish the replacement rules " .
Pennsylvania - based PJM Interconnection has asked the Federal Energy Regulatory Commission ( FERC ) for permission to delay its proposed capacity auction auction in May 2019 . The move comes as PJM secured an extension for time to submit new market rules , set to be submitted after voters rejected PJM 's proposed combination of a price floor and a two - part capacity auction in 2018 . PJM said a delay to the capacity auction would give the company , stakeholders and the public " more time to develop and establish the replacement rules " .