PJM met with stakeholders Friday to discuss its plan for a new “Capacity Performance” product to improve reliability on peak demand days.

Dynegy announced Friday it will nearly double its capacity with the purchase of about 12,400 MW of generation from Duke Energy and private equity firm Energy Capital Partners.

PJM's Market Monitor used his newest State of the Market report to repeat longstanding recommendations and warn stakeholders not to overreact to the winter’s extreme weather.

PJM yesterday proposed sweeping changes to the capacity market, including a new product, to address winter reliability concerns.

CPV plans to begin major construction next month on its 661-MW combined-cycle plant in Maryland despite an unfavorable ruling last week from the FERC.

The PJM Markets and Reliability Committee last week heard first reading on proposed deadline changes recommended by the Market Settlement Subcommittee.

Senators from New York are angry over Cheryl LaFleur’s support for the NYISO’s creation of a capacity zone in the Lower Hudson Valley that has led to increases in prices.

PJM members gave initial approval to a manual change that will make it easier for banks to purchase capacity providers’ revenue streams.

Virginia State Corporation Commission staff wants Dominion Virginia Power to conduct a risk analysis comparing reliance on natural gas-fired generation and constructing a third unit at its North Anna nuclear plant.

PJM capacity prices would increase sharply but reliability would not be threatened if a recent federal court ruling eliminated demand response from wholesale markets, the Market Monitor said.