Duquesne Light Company's Default Service Plan

PJM

PJM 00005

Question: On February 27, 2022, PJM announced BRA prices for the 2024/2025 Planning Year. Will the Capacity Proxy Price still be used by Duquesne for the 2024/2025 Delivery year?

Answer: No, that Capacity Proxy Price will not be used. BRA results announced by PJM on February 27, 2023, for the 2024/2025 PJM Planning Year are not preliminary results. The announcement of BRA prices means that the Company will not consider using a Capacity Proxy Price for any POLR auction products with exposure to the 2024/2025 PJM Planning Year.

FAQs Disclaimer

The information provided in the Frequently Asked Questions (“FAQs”) section of the Site has been prepared by Duquesne and its advisors for the purposes of facilitating the Default Service auction process. The information presented and distributed here is subject to update, modification and/or amendment. The information is current as of the posting date. The material presented and distributed here is for informational purposes only and is made available with the understanding that any individual accessing it will use it for the sole purpose of participating in the aforementioned Default Service auction process. The information is not intended to form any part of the basis of any investment decision, valuation, or any bid that may be submitted during the Default Service auction process. This information should not be relied upon, and each recipient should make its own independent assessment of the subject opportunity after making all investigations it deems necessary.

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