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’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.

PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.

Lacking consensus, PJM dropped plans for a vote on measures to prevent speculation in the capacity auctions, returning the issue to a lower committee.

A top EPA official told state regulators the agency is still in listening mode in drafting its greenhouse gas rules on existing power plants. Others expressed concerns.

PJM's MRC approved a problem statement on 5/30 to develop ways to standardize and improve transparency on the unit-specific review process used in MOPR.

PJM called Thursday for a broad review of its method of providing Operating Reserve payments, saying changes were needed to reduce growing uplift costs. Ope...