PJM is weeks away from the scheduled date for the 2025/26 Base Residual Auction without an order from FERC on whether it will be permitted to delay the auction.

The PJM Members Committee approved a proposal that would sharply reduce the penalties generators pay for underperforming during emergency conditions.

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.

Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issue fast path process.

PJM Power Providers asked the 3rd U.S. Circuit Court of Appeals to overrule a FERC order allowing PJM to recalculate reliability requirement parameter for BRAs.

The PJM Market Implementation Committee overwhelmingly voted to endorse manual revisions to put limits on when generators can submit real-time values.

PJM asked FERC to delay its capacity auctions to give the RTO time to incorporate rule changes to address reliability concerns.

FERC conditionally approved a PJM proposal to revise its approach to accrediting intermittent and hybrid resources under its ELCC model.

PJM presented a draft proposal to delay the next four Base Residual Auctions to the Members Committee during a special meeting.

PJM proposed a new reliability metric to address resource adequacy concerns as stakeholders moved forward with plans to overhaul the RTO's capacity market.