PJM announced it will seek to establish a $325/MW-day price cap on capacity prices and a $175/MW-day floor for the 2026/27 and 2027/28 Base Residual Auctions following discussions with Pennsylvania Gov. Josh Shapiro to resolve a complaint he filed over increased capacity costs.

Pennsylvania Gov. Josh Shapiro urged PJM Chair Mark Takahashi to “intervene with” RTO leadership to revise the design of the capacity market before conducting the 2026/27 BRA to avoid an “unacceptable” increase in capacity market prices.

The PJM Board of Managers and Monitoring Analytics are seeking a resolution by the end of next month to negotiations on the company’s contract to serve as Independent Market Monitor.

The Public Interest and Environmental Organization User Group discussed generation deactivations, filing rights over regional planning and long-term transmission projects with the PJM Board of Managers.

The Members Committee voted to re-elect three members of the PJM Board of Managers, even though several advocates voted against the re-elections to express their frustration.

PJM members rejected revisions to the RTO’s tariff that would shift filing rights over the RTEP from the Members Committee to the Board of Managers.

PJM is considering endorsing revisions to its governing documents to transfer filing rights for regional transmission planning from the membership to the board.