PJM officials said they will seek FERC approval of the RTO’s seasonal capacity proposal despite a lack of stakeholder consensus.

The PJM Independent Market Monitor gave his blessing to the RTO’s Capacity Auction for delivery year 2019/20 but called for additional Capacity Performance rule changes.

The PJM Market Implementation Committee discussed rules for releasing excess capacity, a plan to “un-nest” operating parameters and spot-in transmission from NYISO.

PJM Capacity prices fell sharply as new generation flooded the market, leaving 18 GW of existing resources without any capacity revenue.

State consumer advocates (members of CAPS) pressed the PJM board to change Capacity Performance rules to allow more participation by seasonal resources.

Analysts are predicting lower clearing prices for the PJM 2019/20 capacity auction.

A summary of measures approved and issued discussed by the PJM MRC and Members Committee on April 28, 2016.

PJM asked FERC not to order changes to the RTO’s minimum offer price rule before May’s Base Residual Auction.

The PJM Market Implementation Committee rejected two proposals that would delay the disclosure of financial transmission rights on March 9, 2016.

FERC denied AEP's request for a waiver of nonperformance penalties under PJM’s Capacity Performance construct for delivery year 2019/20.