PJM has proposed a $276 million operating budget for 2014, a $1 million reduction from the current year.

PJM Chief Financial Officer Suzanne Daugherty briefed the Members Committee webinar on the spending plan last week.

Daugherty said PJM plans to add five staffers to its current workforce of 665.

PJM’s composite expense rate continues to be below the 2006 stated rate settlement projections, Daugherty noted.

The operating budget is in addition to a proposed $30 million in capital spending, down $2 million from 2013. (See PJM Plans $30M Capital Spend for 2014)

The Board of Managers is expected to consider the spending plan at a meeting tomorrow.