Transparency and independence of biggest US power grid in focus as FERC mulls major reforms
XLU•PJM and officials warn reforms are urgent
PJM has proposed its own series of reforms to get more power generation on the grid, connect data centers quickly and to avoid shortfalls.
Lake, who chaired the Public Utility Commission of Texas following a deadly and widespread grid failure in the state following 2021 Winter Storm Uri, said he sees warning signs in PJM similar to the run-up to the catastrophe four years ago and underscored the urgency of making reforms.
"The root cause of that failure was a failed governance structure and a failed stakeholder process, the same ills that harm PJM today," he said.
PJM faces shortages and high prices as demand surges
U.S. energy officials pushed for more independence and transparency in PJM Interconnection on Thursday as regulators weigh reforms to the country's largest power grid, which faces the growing risk of blackouts as data center demand soars while few new electricity supplies are added.
