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February 22, 2026

PJM

PJM Interconnection LLC is a regional transmission organization that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.
Constellation Energy
FERC Denies Rehearing Requests on Constellation-Calpine Merger
FERC upheld its approval of Constellation Energy’s purchase of Calpine while also addressing arguments from consumer and environmental groups.
NRDC
PJM’s Reliability Backstop Auction: Fixing Half the Problem
PJM, with prompting from 13 governors, is trying another solution to resource adequacy: the “Reliability Backstop Auction.” While details still are being negotiated, this boils down to throwing money at new power plants, says Tom Rutigliano of the NRDC.
© RTO Insider 
PJM, Monitor Float Reserve Market Changes
PJM and the Independent Market Monitor are drafting proposals to rework the RTO’s reserve market.
Mikie Sherrill for New Jersey
N.J. Targets Data Centers in New Source Push
New Jersey legislators advanced a bill that would protect ratepayers from rate hikes triggered by data center development, as the state looks for ways to add generation capacity, boost its infrastructure and curb energy use.
PJM
PJM MRC/MC Preview: Feb. 19, 2026
PJM's Markets and Reliability Committee and Members Committee will be asked to endorse the recommended IRM and FPR values for the 2028/29 BRA.
AEP
AEP: Ready to Meet ‘Unprecedented’ Demand
American Electric Power says it is “rooted deep in innovation” and “ready to meet unprecedented customer demand” that will result in “significant infrastructure investment” and continue its strong financial results.
© RTO Insider 
PJM MIC Briefs: Feb. 4, 2026
PJM’s Market Implementation Committee passed by acclamation a PJM issue charge seeking to more thoroughly define how storage resources participate in the energy and ancillary service markets.
PPL
PJM PC/TEAC Briefs: Feb. 3, 2026
PJM’s Julia Spatafore presented a quick-fix proposal to model battery storage dispatch in Regional Transmission Expansion Plan base cases.
© RTO Insider LLC
PJM Stakeholders Considering Load Management Performance Penalties
PJM, Voltus and the RTO’s Independent Market Monitor presented proposals to establish penalties for demand response and price-responsive demand resources that fail to perform during a pre-emergency load management event.
© RTO Insider
PJM: Lower Load than Expected During Winter Storm
While PJM experienced some of its highest peak loads ever during the late January winter storm, it overestimated load, with relatively high load forecasting errors, RTO officials told the Operating Committee.

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