PJM's Board of Managers has adopted a variant of the RTO annual capacity market CIFP proposal, which includes changes to risk modeling, accreditation and capacity performance.

PJM and stakeholders presented their final CIFP proposals and posted executive summaries explaining how their packages would redesign the RTO's capacity market.

The PJM Members Committee will convene a special meeting to vote on 20 proposals to revise the workings of the RTO's capacity market through the critical issue fast path process.

The PJM Board of Managers on Monday announced it will seek a delay in the 2025/26 Base Residual Auction scheduled for this June, as well as future auctions.

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

The PJM Markets and Reliability Committee endorsed an RTO proposal to increase the maximum number of bids a single corporate entity can enter into FTR auctions.

PJM stakeholders rejected a proposal from the Illinois CUB to require that at least one member of the Board of Managers have clean energy qualifications.

The PJM Board of Managers have approved the RTO’s proposed replacement for the extended minimum offer price rule, sending it to FERC.

The PJM Nominating Committee has selected David Mills of Eaglecap Energy Consulting to fill the open position on the RTO’s Board of Managers.

The PJM Board of Managers selected international finance executive Mark Takahashi as its new chair, replacing outgoing Chair Ake Almgren.