Managing the often-at-odds priorities of affordability, reliability, and decarbonization will require a delicate balance of innovation, market reforms, and stability, industry experts said at the Northeast Energy and Commerce Association’s Power Markets Conference.

Pennsylvania Gov. Josh Shapiro urged PJM Chair Mark Takahashi to “intervene with” RTO leadership to revise the design of the capacity market before conducting the 2026/27 BRA to avoid an “unacceptable” increase in capacity market prices.

NERC warned in its 2024 Long-Term Reliability Assessment that most of the electric grid faces potential energy shortfalls beginning as early as next year.

Industry groups sought flexibility from FERC in implementing new supply chain risk management rules, while one conservative group argued the commission should use its power to push the sector to use domestic supply chains.

NERC staff said they see both signs of progress and looming challenges in the ERO's winter reliability assessment.

Comments on CISA's cyber incident reporting proposal focused on its overlap with the CIP standards' reporting requirements, with some also calling the proposal too broad.

The Senate confirmed Judy Chang to a five-year term at FERC, meaning the commission will be at a full complement of five members even after Commissioner Allison Clements leaves at the end of June.

The White House Council on Environmental Quality finalized a rule meant to modernize the federal environmental review process under the National Environmental Policy Act.

Stakeholders filed comments debating PJM’s request that FERC direct it to recalculate the results of the 2024/25 Base Residual Auction and rerun the third Incremental Auction.