(Canary Media) The mid-Atlantic grid operator PJM Interconnection faces a capacity crunch of titanic proportions as AI computing investment rushes headlong into its 13-state region, home to more than 67 million people. The most recent PJM capacity auctions — where the grid operator pays in advance for power plants to be available to serve the grid — hit record-high clearing prices in December, portending more expensive electricity for the region.
