Politically-connected companies shouldn’t get special treatment
FirstEnergy blames much of its problems on PJM’s lack of concern for generation diversity coal and nuclear power plants provide. Yet fuel diversity does not necessarily mean improved grid reliability. As R Street electricity expert Devin Hartman writes, “There is little empirical evidence to support the claimed association between supply diversity and electricity-market performance. The record shows that policy interventions to promote greater diversity typically undermine market performance.”
