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.

A poll by the Market Implementation Committee found little support for two competing proposals on capacity offer opportunities for co-located load.

PJM opened a poll to gauge support for dueling proposals to revise the rules for load behind-the-meter of a co-located generator.

The MIC overwhelmingly adopted an issue charge to explore whether PJM should account for local issues that may impact the net cost of new entry in a region.

The MIC endorsed a PJM proposal to bar critical gas infrastructure from DR programs that could jeopardize the reliability of gas-fired generators.