PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.

Several generation companies and PJM have indicated that they will finalize a settlement over the performance penalties the RTO assessed following Winter Storm Elliott.

The Tennessee Valley Authority doesn’t appear ready to fast-track its decarbonization plans despite receiving a letter this month from 10 members of Congress urging it to chart a path to 100% clean energy by 2035.

FERC approved PJM's proposal to tighten the triggers initiating a performance assessment interval.

PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.

Kentucky regulators rejected Kentucky Power's request to recoup fuel costs incurred during the December 2022 winter storm while raising the prospect of penalties.

PJM stakeholders endorsed a proposal to create a cost recovery mechanism for generators which are required to make facility upgrades.

NERC found that the bulk power system was generally reliable and resilient in 2022, but forced outages among coal and natural gas plants hit their highest level in the decade.

FERC approved new rules intended to strengthen the grid against both extreme heat and cold weather events.

PJM says if FERC heeds Capacity Performance charge complaints stemming from storm power outages, it will undermine key aspects of reliability.