The PJM Members Committee will convene a special meeting to vote on 20 proposals to revise the workings of the RTO's capacity market through the critical issue fast path process.

PJM's Board of Managers rejected a proposal to lower nonperformance penalties, while AMP was displeased the board responded to reliability claims.

PJM's CEO said challenges lie ahead for stakeholders as they wrestle with a possible overhaul to the capacity market to address resource adequacy concerns.

PJM stakeholders provided feedback to the Board of Managers on a potential review of the IMM contract during the Markets and Reliability Committee meeting.

The PJM Board of Managers on Monday announced it will seek a delay in the 2025/26 Base Residual Auction scheduled for this June, as well as future auctions.

PJM's vice president of market design told the MRC that the RTO is delaying its estimation of when it will be publishing a report on the December winter storm.

PJM stakeholders appeared split over proposals to delay the RTO’s capacity auctions to include market rule changes being considered by the Board of Managers.

The regulators contend that PJM is violating its tariff by not granting the PSC access to meetings of the RTO’s Member Liaison Committee.

PJM stakeholders requested that the Board of Managers provide more information about its initiation of a fast-track process to address reliability concerns.