FERC approved a PJM proposal to limit capacity prices to between $175 and $325/MW-day for the next two Base Residual Auctions, resolving a complaint from Pennsylvania Gov. Josh Shapiro.

FERC Chair Mark Christie criticized PJM for continuing to consider proceeding with Transource Energy’s Independence Energy Connection transmission project years after Pennsylvania regulators denied it a certificate of public convenience and need.

A data center campus planned in western Pennsylvania would include up to 4.5 GW of on-site gas-fired generation and be the largest facility of its kind in the U.S., a group of developers announced.

FERC received several protests to Constellation's proposed purchase of Calpine, with PJM's Monitor arguing the companies need to make additional commitments to preserve competition in the RTO.

Spiking capacity prices in PJM have PPL and Exelon pushing for a potential return to utility-owned generation in Pennsylvania, which three former PUC chairs warned would be harmful to consumers.

The Members Committee was sharply divided on an agreement in principle between PJM and Pennsylvania Gov. Josh Shapiro to institute a cap and floor on capacity prices for the 2026/27 Base Residual Auction and the following auction.

PJM announced it will seek to establish a $325/MW-day price cap on capacity prices and a $175/MW-day floor for the 2026/27 and 2027/28 Base Residual Auctions following discussions with Pennsylvania Gov. Josh Shapiro to resolve a complaint he filed over increased capacity costs.

Pennsylvania Gov. Josh Shapiro urged PJM Chair Mark Takahashi to “intervene with” RTO leadership to revise the design of the capacity market before conducting the 2026/27 BRA to avoid an “unacceptable” increase in capacity market prices.