PJM CEO Terry Boston has announced he will retire by the end of the year. He leaves behind a legacy of building stakeholder consensus and steady leadership.

PJM President and CEO Terry Boston plans to retire effective Dec. 31. A search for a replacement is already underway.

PJM planners won’t be ready after all to recommend a stability fix for Artificial Island in time for the Board of Managers’ regular meeting in February.

PSEG Nuclear last week called on PJM to prevent planners from using what the company said is unproven technology in the stability fix for Artificial Island.

PJM will seek FERC approval for a controversial proposal to raise the cost-based energy offer cap to $1,800/MWh through March 2015.

PJM’s Board of Managers will file its Capacity Performance proposal this week with FERC to increase the reliability expectations of capacity resources with a “no excuses” policy.

PJM’s Board of Managers announced a final Capacity Performance plan that includes a more gradual transition into the new market design and increased benefits for high-performing generators.

The PJM Board of Managers won’t make its Dec. 1 target for filing the RTO’s Capacity Performance proposal with FERC, CEO Terry Boston told members.

The PJM Nominating Committee voted last week to renominate Board of Managers Chairman Howard Schneider and board members John McNeely “Neel” Foster and Sarah Rogers to new three-year terms.

PJM stakeholders deadlocked for the third time Thursday on changes to the $1,000/MWh energy offer cap, leaving it to the Board of Managers to decide whether to seek FERC approval of any changes.