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January 31, 2026

Markets

IESO
IESO Holds Firm on Hydro Exclusion, Reserve Price in Long Lead-time RFP
IESO officials held firm on excluding hydro redevelopment projects from the ISO’s Long Lead-Time procurement despite objections from potential bidders.
Shutterstock
The Maryland 2026 Midterms Energy Trilemma Blues
Maryland's 2026 legislative session could show how states facing explosive demand growth can achieve their clean energy and affordability goals despite the Trump administration’s resistance to solar, wind and storage, according to Livewire columnist K Kaufmann.
© RTO Insider LLC
PJM Stakeholders Endorse 2026/27 Third Incremental Auction Parameters
The PJM Markets and Reliability Committee and Members Committee endorsed the RTO’s recommended installed reserve margin and forecast pool requirement for the third 2026/27 Incremental Auction.
© RTO Insider 
PJM MRC/MC Briefs: Jan. 22, 2026
PJM presented manual revisions to clarify how resources are defined as offline for the purpose of determining whether they are eligible for lost opportunity cost credits.
© RTO Insider LLC
Government-proposed ‘Backstop’ Auction to Test PJM Stakeholder Process
PJM stakeholders kicked off discussions on creating a “backstop” auction to be held in September at the insistence of the Trump administration and the governors of the RTO’s 13 states.
MISO
MISO Enters Max Gen Emergency in Arctic Blast
MISO declared a maximum generation emergency for its Midwest region just after midnight on Jan. 24 as the northern portions of the footprint rode out double-digit negative temperatures.
NextEra Energy
FERC Directs ISO-NE to Cap Pay-for-Performance Balancing Ratio at 1.0
FERC partially granted a complaint by the New England Power Generators Association about the design of ISO-NE's Pay-for-Performance mechanism.
FERC
FERC Addresses PJM’s Ongoing RA Issues at Open Meeting
FERC addressed the ongoing resource adequacy challenges at PJM during its regular meeting, calling for the RTO to get reforms in front of it so they can be approved.
Gov. Mikie Sherrill via X
New N.J. Governor Rapidly Confronts Electricity Crisis
New Jersey Gov. Mikie Sherrill signed two sweeping executive orders that sought to control the state’s aggressively rising electricity rates through ratepayer credits and generation expansion.
JIRSA Hedrick
Colo. PUC Sticks with Approval of Markets+ for PSCo
Colorado regulators have declined to reconsider their decision finding that it would be in the public interest for Public Service Company of Colorado to join SPP’s Markets+.

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