NMA Welcomes FERC Action to Restore Electricity Market Integrity

The National Mining Association (NMA) today issued the following statement from Rich Nolan, NMA President & CEO, responding to the Federal Energy Regulatory Commission’s (FERC) decision to expand PJM’s Minimum Offer Price Rule (MOPR).

“Competitive electricity markets have been compromised by an epidemic of out-of-market payments. Today’s decision by FERC correctly aims to quarantine the market-manipulating effects of growing state subsidies. Far too much of the nation’s essential coal fleet has been lost to market manipulation. The expanded MOPR aims to restore fairness to the marketplace and is a timely first step in addressing the loss of the nation’s baseload generating capacity. Fuel-secure, baseload coal plants remain essential to providing the balanced, dispatchable fuel mix needed to preserve grid reliability and resilience.”

See the press release here.