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.

This is the space where we would have told you what happened at the PJM Board of Managers’ Enhanced Liaison Committee meeting Tuesday.

William R. Mayben will retire next year after serving seven years on the PJM Board of Managers. Mayben will remain until a successor is named.

Fourteen coalitions representing more than 80 stakeholders submitted briefing papers to the PJM Board of Managers Tuesday on the RTO’s Capacity Performance proposal. Don’t have time to read all 150 pages? No worries. We’ve summarized the groups’ concerns here.

PJM officials said Wednesday they are amending their proposed capacity overhaul in response to dozens of mostly critical stakeholder comments.