FERC approved an incentive filing by PJM that will allow PSE&G to recoup all of its costs if the Artificial Island reliability project is canceled due to reasons beyond the company’s control.

Prices dropped 26% in ISO-NE’s 10th Forward Capacity Auction as new resources more than made up for retiring generation.

PSEG and P3 had disputed PJM’s use of an 8% cost of capital used in cost of new entry calculations.

FERC ruled that PJM's cost allocations for the Artificial Island and PSE&G transmission projects may not be just and reasonable, ordering a technical conference.

Con Ed said it may end its use of the wheel when its current term expires on April 30, 2017.

The Northeast may be further along than most regions in meeting the EPA’s new carbon emission rules, but it also faces challenges procuring clean energy.

PJM generators — such as Exelon, Dynegy, NRG and PSEG — will earn $10.9 billion from this year’s capacity auction in the first test of the RTO’s new Capacity Performance requirements.

John C. Citrolo, markets director for PSEG Energy Resources and Trade and a regular attendee at PJM stakeholder meetings, died Aug. 2.

Several energy companies reported their second-quarter earnings results last week.

PJM generating companies that deactivate or transfer ownership of units in their fleet will have to revise their reactive power rates or explain why they have decided not to to FERC.