
Paul Segal
2
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Aug 4, 2026
Grid operator PJM juggles reforms as power auction results hit price cap again
8:09
16:32

Darren SweeneyCORRESPONDENT
But when you look at all these different potential market reforms, are there some that LS Power can support or are supportive of, and are there some that just don't seem like they're gonna really do much to help change the dynamic there?
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8:26Paul SegalGUEST
I, I think first and foremost, when you take a step back, we focus a lot on the singular capacity clears.
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8:38Paul SegalGUEST
The energy market is very consequential to generation in PJM, and that's where the real physics of supply and demand collide.
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8:55Paul SegalGUEST
As demand grows, fewer resources, the supply and demand curve cross at a higher price.
7 MINS LATER

Darren SweeneyCORRESPONDENT
I also asked Paul Segal about the push by some regulated utilities and state policymakers to make changes in the market that would allow rate-regulated generation or other efforts for utilities to serve data center demand.
A power producer’s view of keeping the lights on. What does rising electricity demand from data centers mean for the US grid?
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28:54

Ed CrooksHOST
What does that mean that you're deciding to do in terms of your capital allocation and your corporate strategy?

Paul SegalGUEST
Well, it is this moment that, that makes it incredibly exciting for somebody who's been in and around this business for over twenty-five years.

Paul SegalGUEST
I haven't seen an instance where so many different options require and, and really merit consideration.

Paul SegalGUEST
Um, so yeah, we have been focused on understanding what's happening in demand response.

Paul SegalGUEST
We've been focused on, are there things at some of our power plants that we could do to improve the availability of the asset when they're most needed.

Paul SegalGUEST
So an example there might be, we have a, a peaking natural gas plant that often can't get gas in the most extreme winter scenarios.

Paul SegalGUEST
If we can add fuel oil at those locations, we can triple its certification to deliver capacity.
14 MINS LATER