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At that time, PPL expects to receive revenue for the Wallingford plant in ISO New England's Locational Forward Reserve Market, which provides revenue to quick-starting plants such as Wallingford for their ability to begin generating power on short notice to meet power reliability needs in the region.
The Pierce project's 'quick start' capability has generated solid surplus revenues, beyond original expectations, for CMEEC in New England's locational forward reserve market.
This represents significant growth since the implementation of the Locational Forward Reserve Market and announcement of the Forward Capacity Market, both of which are designed to encourage greater investment in demand- and supply-side resources.