A Toronto entrepreneur announced plans to build a 1,000 MW merchant transmission line to deliver power from Ontario to PJM.

The MIC gave preliminary approval to a new coordinated transaction scheduling (cts) product intended to reduce uneconomic power flows between PJM and NYISO.

PJM has added more granularity for the Mid-Atlantic area in its load forecasting file. See story for details.

The following issues generated little or no discussion among members at the MRC on 8/29/13. The issues will be brought to a vote at the next MRC, 9/26/13.

PJM may seek to lower the price cap on emergency demand response as a result of their review of the July 14-19 heat wave.

Below are the new market monitor recommendations included in the PJM Market Monitor’s State of the Market report for the first half of 2013.

Panda Power Funds, a Texas-based private equity fund, last week announced two big investments in PJM, proposing a plant in MD and purchasing rights to a planned generator in PA.

The PJM Market Monitor's mid-year report detailed rebounding energy prices and coal generation in the first half of 2013 as natural gas costs increased from record lows.

Two bipartisan bills signed by President Obama this month may open PJM to new generation from hydropower - a source many thought was fully exploited.

FirstEnergy Corp. reached a settlement in a controversial bid to shift a coal-fired generator from its unregulated subsidiary to regulated utility Monongahela Power, but a consumer group says the reduced price is still a bad deal for ratepayers.