Several generation companies have submitted comments supporting and opposing a proposed settlement to reduce the $1.8 billion PJM assessed against market sellers for underperforming during Winter Storm Elliott by 23%.

The Energy Bar Association's Mid-Year Forum illustrated greater collaboration between than the electric and natural gas industries than normal.

PJM agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.

Several generation companies and PJM have indicated that they will finalize a settlement over the performance penalties the RTO assessed following Winter Storm Elliott.

FERC approved PJM's proposal to tighten the triggers initiating a performance assessment interval.

PJM showed updated risk analysis figures and stakeholders made new proposals during the July 17 Critical Issue Fast Path process meeting.

PJM released a report on the December 2022 winter storm detailing its emergency actions and recommended changes to its markets and operations to limit the impact of future severe weather.

Kentucky regulators rejected Kentucky Power's request to recoup fuel costs incurred during the December 2022 winter storm while raising the prospect of penalties.

PJM stakeholders endorsed a proposal to create a cost recovery mechanism for generators which are required to make facility upgrades.

NERC found that the bulk power system was generally reliable and resilient in 2022, but forced outages among coal and natural gas plants hit their highest level in the decade.