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Middle River Power Halts Elgin Energy Center Retirement Amid Surge in Power Prices and Capacity Auction Results.

Middle River Power has withdrawn its plan to retire all four units at its gas-fired Elgin Energy Center in Elgin, Illinois, from June 2025. The decision comes after power prices increased by over 800% in PJM’s latest capacity auction, driven by factors like insufficient transmission planning, fossil-fired generation retirements and long interconnection queues. Middle River Power currently manages approximately 3,000 MW of power generation assets. The company has not yet responded to a request for comment.

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