“I feel more concerned today than I did two years ago about resource adequacy,” he said Monday. “Load is growing much faster than we had projected then, which even back then was an eye-popping set of numbers.” PJM’s recent capacity auction, in which PJM secures commitments from generators to provide electricity in the future, produced higher than usual prices. Those prices have thus far served their purpose of incentivizing some generators to delay retirement and others to consider investments in new generation. “I haven’t seen any forecast of load that allows me to rest and say we’re good,” he said...