PJM interconnect, capacity auctions, fossil fuel subsidies, nuclear subsidies

PJM Interconnection is the regional transmission operator (RTO) serving more than 60 million customers in 13 states and the District of Columbia, mostly in the mid-Atlantic region of the United States.  Incumbent base load generators have complained that subsidies to renewable resources have been cutting their ability to win capacity market auctions, stripping them of revenue.  They have been proposing adjustment factors that would improve their competitive position by adjusting bid prices to exclude the subsidy.