Our operations are located primarily in the Northeastern and Mid- Atlantic United States. MD&A—Executive Overview of 2020 and Future Outlook. MD&A—Capital Requirements. Commitments and Contingent Liabilities. For additional information see Item 2. We expect to be able to meet the fuel supply demands of our customers and our operations. The majority of our generating stations operate in PJM. &# Our PJM generating units are located in several zones. PSEG LI uses its brand in the Long Island T&D service area. Such capacity could impact market prices and our competitiveness. QFs must meet certain criteria established by FERC. QFs are subject to some, but not all, of the same FERC requirements as public utilities. These reforms will be implemented in May 2022. In July 2015, FERC issued an order approving NERC's proposed physical security standard. In our case, the third-party is PJM. We cannot predict the outcome of this matter. In June 2019, the NJDEP issued two rules that began New Jersey's re-entry into RGGI. The timeline and ultimate outcome of this process are uncertain. Conversely, improvements to certain transmission systems could also reduce revenues. PSE&G is subject to regulation by the BPU. For information regarding PSE&G's current affiliate and management audit, see Item 8. The ZEC payment may be adjusted by the BPU under certain conditions. Due to its preliminary nature, PSEG cannot predict the outcome of this matter.
