FERC explained why it would not reconsider revenue calculations in PJM’s capacity market, saying it did want to further delay the RTO's upcoming auction.

PJM will hold the 2022/23 Base Residual Auction in May after being delayed since 2019 over FERC’s expansion of the minimum offer price rule.

PJM moved closer to restarting its capacity auctions with FERC’s approval of its new energy and ancillary services revenue offset calculation

The NYISO Management Committee endorsed a technical fix to the 2017-2021 capacity demand curve reset.

NYISO continues to advance its Grid in Transition agenda, moving ahead with some energy and ancillary services projects while suspending or combining others.

PJM stakeholders failed again to reach agreement on energy price formation rules, as a last-ditch effort at compromise fell short in a sector-weighted vote.

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.