PJM's Market Implementation Committee discussed potential changes to reactive power compensation and the progress of developing new market clearing engine software.

The MIC voted against endorsing a proposal to expand the scope of the Reactive Power Compensation Task Force to include discussion of existing service rates.

PJM proposed creation of a new cost of new entry area for the ComEd zone during discussions about how to account for local factors in calculating net CONE.

The PJM Market Implementation Committee overwhelmingly voted to endorse manual revisions to put limits on when generators can submit real-time values.

PJM has assessed more than $1.8 billion in performance penalties on generators that underperformed during the December 2022 winter storm, the RTO said.

The PJM MIC endorsed a problem statement and issue charge to explore multi-schedule modeling of combined cycle generators in the market clearing engine.

PJM stakeholders appeared split over proposals to delay the RTO’s capacity auctions to include market rule changes being considered by the Board of Managers.

PJM updated stakeholders on its progress in collecting up to $2 billion in non-performance penalties stemming from Winter Storm Elliott.

PJM's MIC deferred a vote on adopting a problem statement and issue charge to discuss combined cycle modeling in the market clearing engine.

The PJM MIC endorsed a proposal to increase the maximum number of bids a single corporate entity can place in the RTO’s financial transmission rights auctions.