PJM's Board of Managers rejected a proposal to lower nonperformance penalties, while AMP was displeased the board responded to reliability claims.

PJM's CEO said challenges lie ahead for stakeholders as they wrestle with a possible overhaul to the capacity market to address resource adequacy concerns.

PJM stakeholders provided feedback to the Board of Managers on a potential review of the IMM contract during the Markets and Reliability Committee meeting.