PJM proposed a change in its real-time pricing mechanism, saying the current methodology is depressing energy and reserve prices.

Facing continued skepticism from Wall Street, Exelon Corp. says it will begin shutting down unprofitable power plants if energy prices don't rebound within a year.

Generator start and notification rules will be implemented in eMKT beginning Sept. 26, PJM told the Market Implementation Committee last week.

A Toronto entrepreneur announced plans to build a 1,000 MW merchant transmission line to deliver power from Ontario to PJM.

The MIC gave preliminary approval to a new coordinated transaction scheduling (cts) product intended to reduce uneconomic power flows between PJM and NYISO.

PJM has added more granularity for the Mid-Atlantic area in its load forecasting file. See story for details.

The following issues generated little or no discussion among members at the MRC on 8/29/13. The issues will be brought to a vote at the next MRC, 9/26/13.

PJM may seek to lower the price cap on emergency demand response as a result of their review of the July 14-19 heat wave.

Panda Power Funds, a Texas-based private equity fund, last week announced two big investments in PJM, proposing a plant in MD and purchasing rights to a planned generator in PA.

The PJM Market Monitor's mid-year report detailed rebounding energy prices and coal generation in the first half of 2013 as natural gas costs increased from record lows.