PJM asked FERC to initiate settlement judge procedures in its dispute with generators over nonperformance penalties for Winter Storm Elliott.

PJM has assessed more than $1.8 billion in performance penalties on generators that underperformed during the December 2022 winter storm, the RTO said.

More generator companies filed complaints with FERC alleging that PJM violated its governing documents during its response to the December 2022 winter storm.

Nautilus Power asked FERC to dismiss penalties over the December 2022 storm, saying PJM failed to provide sufficient notice for their units to purchase gas.

PJM's vice president of market design told the MRC that the RTO is delaying its estimation of when it will be publishing a report on the December winter storm.

PJM needs to slow the pace of generation retirements to avoid reliability problems by 2030, CEO Manu Asthana told the Electric Power Supply Association.

PJM presented a preliminary proposal to overhaul its capacity market to the Resource Adequacy Senior Task Force.

Average PJM LMPs doubled to a record-high $80/MWh last year, driven mostly by coal and natural gas prices, the RTO’s Independent Market Monitor reported.

PJM stakeholders requested that the Board of Managers provide more information about its initiation of a fast-track process to address reliability concerns.

PJM’s Board of Managers is opening an accelerated stakeholder process to address rising reliability concerns about the RTO’s capacity market.