The 3rd U.S. Circuit Court of Appeals upheld FERC's 2021 approval of PJM's tightened minimum offer price rule, which removed a requirement that resources receiving state subsidies be mitigated to their cost-based offer.

FERC declined rehearing requests of its inaction on PJM’s narrowed MOPR after a 2-2 tie vote, setting up further action in appellate court.

Chair Richard Glick said “good riddance” to PJM’s old MOPR after FERC deadlocked on the proposed replacement, causing it to automatically go into effect.

FERC announced on Wednesday the Southeast Energy Exchange Market will move ahead after the evenly split commission failed to reach a decision in time.

PJM’s narrowed MOPR will be effective in the RTO's next capacity auction after FERC deadlocked 2-2 on the proposal.