FERC rejected a settlement for Panda Hummel Station regarding its annual revenue requirement for providing reactive service under the PJM tariff.

PJM TOs provided no evidence that they are having difficulty raising capital but insisted the law was on their side in their bid to rate-base network upgrades.

The developer of a proposed 2,100-MW HVDC line escalated its fight with PJM, asking FERC to eliminate capacity rules it says are blocking it from competing.