PJM Interconnection LLC (PJM)
PJM presented a quick fix proposal to introduce a new long-term transmission planning approach that includes a longer 15-year horizon and considers state legislation that could affect generator participation in RTO markets.
The Market Implementation Committee discussed PJM's analysis of how proposed Critical Issue Fast Path filings before FERC might have impacted the 2024/25 Base Residual Auction results.
PJM has requested that Talen Energy continue operating a portion of its H.A. Wagner Generating Station an additional three years beyond its requested 2025 deactivation date.
PJM reviewed comments it is jointly submitting with other RTOs on several proposed changes to EPA regulations during the Operating Committee meeting.
PJM and stakeholders spent much of 2023 debating how to position the RTO's markets to be prepared for future severe weather and maintain the balance between retiring fossil generation and renewable development.
The PJM MRC and MC both endorsed a proposal to rework the regulation market to operate with a single price signal and two products provided by market sellers.
FERC approved a settlement between PJM and 81 parties to reduce the $1.8 billion in penalties assessed against generators that underperformed during Winter Storm Elliott.
FERC Commissioner Mark Christie used orders on two transmission projects to blast the commission’s “ridiculously generous” incentives.
The PJM Markets and Reliability Committee will consider endorsement of two competing proposals to implement multi-schedule modeling, while the Members Committee will endorse representatives for the Finance Committee.
A federal court overturned Pennsylvania regulators’ rejection of the Independence Energy Connection, but the project’s fate depends on a PJM benefit-cost analysis.
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