FERC approved PJM’s proposed cost allocation for $6.7 billion in transmission upgrades included in the first window of the 2024 Regional Transmission Expansion Plan.

The PJM Members Committee voted against reconsidering whether to reelect Terry Blackwell to another term on the Board of Managers.

The PJM Markets and Reliability Committee endorsed a proposal to rework how resources are compensated for providing black start service the RTO says will provide more predictable revenues for participating market sellers.

FERC Chair Mark Christie criticized PJM for continuing to consider proceeding with Transource Energy’s Independence Energy Connection transmission project years after Pennsylvania regulators denied it a certificate of public convenience and need.

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.