PJM backtracked on posting “indicative” results of the 2024/25 capacity auction in the face of stakeholder opposition.

FERC and NERC will conduct yet another inquiry into cold weather grid failures after Duke and TVA cut power to consumers during December's winter storm.

PJM's first order of business in 2023 will be a review of the “indicative” 2024/25 capacity auction results following concerns of artificially inflated prices.

PJM's MRC rejected two proposals that would have created a “circuit breaker” mechanism to limit prices during extended periods of high prices.

PJM said it will ask FERC to modify the rules of its 2024/25 capacity auction to avoid artificially high prices in one region of the RTO.

FERC rescinded RTO participation incentives for two AEP affiliates on the grounds that Ohio law compels transmission owners to participate in an RTO.

Synchronized reserves have seen a drop in prices since PJM implemented market overhauls at the start of October, the RTO says.

A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings.

MISO and PJM will opt for one small interregional project this year through their Targeted Market Efficiency Project study.

AES will spend $145 million to build substations and new transmission lines to meet over 1,000 MW in expected load growth from EV manufacturers.