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‘Unacceptable’ power plant failures during Christmas storm could lead to $2 billion in penalties

Power plants could face up to $2 billion in penalties after nearly a quarter of the fleet serving the electricity grid for Pennsylvania and 12 other mid-Atlantic states failed to run during the frigid winter storm over Christmas weekend. The outage rate was “unacceptable,” regional grid operator PJM Interconnection said this week in its initial […]