From S&P: Renewable energy developers on the East Coast face an uphill battle in 2020 to secure capacity payments as new wholesale power market rules have the potential to force them out of the market."It may well be that a mandatory capacity market is no longer a sensible approach to resource adequacy at a time when states are increasingly exercising their authority under the [Federal Power Act] to shape the generation mix," Commissioner Richard Glick said in his stinging dissent to FERC's December 19 order (EL18-178) expanding application of the minimum offer price rule (MOPR) in PJM Interconnection to all new resources receiving state subsidies.Ryan Katofsky, a managing director with the trade group Advanced Energy Economy, said a theme that will dominate utility regulators' workload in 2020 centers around "finding ways to harmonize state utility regulation and wholesale electricity markets with increasingly ambitious state climate and clean energy goals."It remains unclear when PJM's auctions will restart, but the earliest date appears to be during the third quarter of 2020 with the potential to slide into 2021.Link