The PJM Board of Managers agreed to submit staff’s revised energy price formation proposal for FERC approval, CEO Andy Ott said.

Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.

PJM members will have two new avenues for feedback on the RTO’s Independent Market Monitor starting in January, the Board of Managers announced.

PJM’s Board of Managers signaled it is done waiting for stakeholders to make progress on a nearly yearlong initiative to improve energy price formation.

PJM's Board said it will conduct an "independent review" into GreenHat Energy’s massive default in the RTO’s financial transmission rights market.

Consumer, small-business and environmental advocates pressed the PJM Board of Managers on the issue of transparency at their annual meeting.

“Resilience” was uttered so many times during the PJM annual meeting that speakers were joking about using the word before making their own comments.

The PJM Board elected former Intergen CEO Neil H. Smith to take the seat of the retiring Howard Schneider, while Ake Almgren was selected to succeed Schneider as chairman.

The PJM Board announced that the Nominating Committee is recommending former InterGen CEO Neil Smith to replace retiring Chairman Howard Schneider.

The PJM Board of Managers directed staff to identify changes to improve reserve market pricing that can be implemented for next winter.