PJM will reduce the volume of imports that clear in next year’s Base Residual Auction – potentially increasing capacity prices – under methodology approved by the Planning Committee yesterday.

Maryland and CPV officials aren’t saying what their next move is in the wake of a federal court ruling that voided the state’s contract with developers of a 725 MW combined cycle plant in St. Charles.

PJM opened its annual capacity auction yesterday, with bids and offers accepted through Friday, May 17. Results of the Reliability Pricing Model auction, whi...