Virtually all of the stakeholders who commented on PJM's proposed Capacity Performance product agreed that it goes too far, creates too much risk and is being rushed through the stakeholder process too quickly.

Two of the finalists for the Artificial Island transmission fix have offered to cap their costs while a third has teamed up with Pepco.

PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.

Facing a barrage of criticism from spurned Artificial Island bidders, state officials and others, PJM’s Board of Managers has delayed action on a recommendation that it select Public Service Electric & Gas to fix the Artificial Island stability problem. Instead, the board will allow PSE&G and other finalists to “supplement” their proposals in response to LS Power’s offer to cap its project cost at $171 million.

Consumer advocates asked the PJM Board of Managers to assess the impact of recent capacity market changes before making any new ones and criticized what they called the RTO’s new “inflexibility.”

Stakeholders re-elected three PJM board members and approved a rule change allowing votes in favor of the status quo.

PJM’s attempt to address speculation in the capacity market collapsed Thursday as members failed for the second time in three months to reach consensus on rule changes.

News briefs on companies in PJM Interconnection: PJM, PPL, and a new demand response trade group - the Advanced Energy Management Alliance.

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.

FERC approved PJM’s proposal to cap the amount of Limited and Extended Summer demand response that clears in the annual base capacity auction, an action expected to increase capacity prices.