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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.
Kentucky lawmakers are working to overhaul the Public Service Commission in what they say is an effort to combat rising rates, while the governor characterized it as political maneuvering.
New Jersey is studying whether to use funds from the Regional Greenhouse Gas Initiative to keep down electricity rates and restructure the way utilities are compensated in an effort to reduce the pressure on electricity prices.
Stakeholders endorsed PJM’s recommended installed reserve margin and forecast pool requirement for the 2028/29 Base Residual Auction at the Markets and Reliability Committee meeting.
PJM and stakeholders laid out their initial thoughts on the structure of the in-development reliability backstop procurement as the RTO looks to meet a September target set out by the White House and all 13 member states’ governors.
Two PJM proposals would revise its tariff to extend the collar on capacity prices for two more years and implement an expedited interconnection track for large projects to bring new capacity online quickly.
FERC upheld its approval of Constellation Energy’s purchase of Calpine while also addressing arguments from consumer and environmental groups.
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.
PJM and the Independent Market Monitor are drafting proposals to rework the RTO’s reserve market.
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's Markets and Reliability Committee and Members Committee will be asked to endorse the recommended IRM and FPR values for the 2028/29 BRA.
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