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May 26, 2024
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PJM OKs 32% Cut in Elliott Penalties in Proposed Settlement
Settlement Avoids 'Mega-litigation' Situation; FERC Must Approve
PJM detailed the emergency actions it took on Dec. 23 and 24 as a sharp drop in temperatures brought record-setting loads and forced outage rates.
PJM detailed the emergency actions it took on Dec. 23 and 24 as a sharp drop in temperatures brought record-setting loads and forced outage rates. | PJM
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PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.
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