A deadlocked Federal Energy Regulatory Commission has allowed the Southeast Energy Exchange Market, proposed by Duke Energy Corp. (NSYE: DUK) and other regional power companies, to start operations after failing to agree whether to approve or reject the plan.
The utilities expected to form the market, led by Atlanta-based Southern Co. (NYSE: SO), anticipate having it operating by mid-2022.
“SEEM will allow resources to more easily access the electricity wholesale market and will enable and…