Load serving entities in PJM are starting to calculate how much their bills are going to increase for a frigid January, and they aren’t happy about it.

PJM announced tonight that it will ask members to pay more than $2 million in defaults by two retail marketers unable to cover high power costs during January’s arctic cold.

January’s sky high energy prices claimed its first casualty Friday as green energy retailer Clean Currents abruptly suspended service, returning its customers to their distribution utilities.

FERC granted PJM’s request to lift the $1K offer cap as the RTO entered a 2nd week of frigid temps, straining generators and pushing natural gas prices skyward.

Plunging temperatures sent natural gas spot prices soaring again this week, prompting PJM today to seek approval from federal regulators to lift the $1,000/MWh price cap on generation.

PJM will begin pricing at a new interface near the Seneca pumped storage station in Warren County, Pa., beginning Feb. 1.

Sub-zero temperatures from Toledo to Tennessee pushed PJM to its limits last week as the RTO overcame the loss of nearly 40,000 MW of generation during an arctic blast that set a new winter demand record.

PJM is adding more items to the to-do list resulting from the September heat wave, during which officials ordered limited load sheds to prevent a wider transmission collapse.

Below is a summary of 11 new recommendations resulting from PJM’s final report on the September 2013 heat wave. This is in addition to 11 recommendations made immediately after the events of Sept. 9-11.

PJM overcame the loss of nearly 40,000 MW of generation yesterday, keeping the lights on in the second day of an arctic blast that set a new winter demand record.