PJM expects to spend $276 million in 2015, a 2% increase over 2014, according to a preliminary budget outlined to members last week. The spending plan will result in a charge of $0.32/MWh, a rate that hasn’t changed since 2011.

The budget anticipates revenues of $283 million, a $1 million reduction from PJM’s 2014 forecast. PJM plans $30 million in capital spending, unchanged from 2014. Nearly two-thirds of the spending is for enhancements to existing applications and systems.

The Finance Committee will consider the budget Sept. 17, with the Board of Managers making the final decision on the plan Oct. 30.