PJM members were unable to reach consensus on any of five proposals to improve price formation for energy and reserves Thursday.

Calpine’s modification of PJM’s energy price formation proposal emerged as the first choice members will consider at Thursday’s Markets and Reliability Committee meeting.

FERC approved a set of Tariff revisions covering California Independent System Operator's new reliability coordinator services.

PJM stakeholders dug in further on the RTO’s proposed revamp to its capacity market, reiterating comments made in FERC’s paper hearing on the proposal.

The first round of filings in PJM’s “paper hearing” on revisions to the capacity market showed wide disagreement over broadening the MOPR.

Mark J. Volpe, president and CEO of the Coalition of Midwest Power Producers (COMPP), recounts the migration of merchant generators from MISO to PJM.

Rising state subsidies for renewable and nuclear power require PJM to revamp its MOPR to address price suppression in its capacity market, FERC ruled.

Calpine and AEP are offering alternatives to plans for complying with FERC Order 842, which requires some generators to provide primary frequency response.

Three owners of gas-fired generation in PJM’s territory have filed a complaint asking FERC to direct the RTO to adopt what they’ve termed a “clean MOPR.”

FERC approved settlement agreements among CAISO, Pacific Gas and Electric and Calpine covering reliability-must-run contracts for three Northern California gas-fired plants, reducing the revenue they will receive and making them subject to a must-offer requirement.