https://www.live-feeds.com/feed/ferc-chair-slams-pjm-mess-as-country-s-largest-grid-operator-delays-power-auctionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/ferc-chair-slams-pjm-mess-as-country-s-largest-grid-operator-delays-power-auctionhttps://www.live-feeds.com/feed/ferc-chair-slams-pjm-mess-as-country-s-largest-grid-operator-delays-power-auction#u96583Sat, 03 Oct 2026 11:23:00 +0000The Federal Energy Regulatory Commission has conditionally approved a reliability backstop plan from PJM Interconnection while delaying its implementation and criticizing the grid operator's handling of capacity rules. PJM had scheduled an auction to accept offers for backstop power supplies after failing to meet its reserve margin targets. However, federal regulators intervened due to serious concerns over how data center costs would be allocated. The delay creates acute market uncertainty for power stocks as the region struggles to manage surging electricity demand from artificial intel