In today’s briefing:
- TLN: PJM Results Affirm Attractive Value
TLN: PJM Results Affirm Attractive Value
- PJM published the Base Residual Auction results for the 2025-26 planning year that were the highest on record. PJM is the primary region TLN serves.
- TLN announced participation in the auction and cleared 6,820 megawatts of electricity at the auction price of $269.92 per megawatt.
- TLN anticipates generating approximately $670 million in capacity revenue during the auction year. This compares to approximately $160 million run rate TLN had been reporting capacity revenue in recent quarters.
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