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November 7, 2024

EL23-56

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Settlement over PJM Elliott Penalties Receives Broad Support
Several generation companies have submitted comments supporting and opposing a proposed settlement to reduce the $1.8 billion PJM assessed against market sellers for underperforming during Winter Storm Elliott by 23%.
PJM
PJM OKs 32% Cut in Elliott Penalties in Proposed Settlement
PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.
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Settlement Possible Between PJM And Several Generation Owners over Winter Storm Complaints
Several generation companies and PJM have indicated that they will finalize a settlement over the performance penalties the RTO assessed following Winter Storm Elliott.
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Complaints to FERC over PJM Performance Penalties Multiply
More generator companies filed complaints with FERC alleging that PJM violated its governing documents during its response to the December 2022 winter storm.

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