After several months of debate, PJM stakeholders endorsed an issue charge aimed at addressing compensation for reactive supply and voltage control service.

The early impacts of PJM’s first capacity auction in three years began to emerge Thursday as Exelon reiterated plans to retire two of its nuclear plants.

Capacity prices in most of PJM dropped by nearly two-thirds for 2022/23, with EMAAC and SWMAAC recording their lowest prices ever.

PJM ratepayers will likely see capacity prices drop as a result of Dominion’s decision to exit the market, according to a report by the RTO’s Monitor.

PJM must consider generator operating lives of more than 20 years under the unit-specific review process, FERC ruled just before the RTO's capacity auction.

PJM defended its handling of Dominion Energy’s decision to opt out of the May 19 capacity auction, asking FERC to reject a complaint by LS Power.

LS Power asked FERC to block Dominion from opting out of PJM’s capacity auction, saying the RTO violated its rules by accepting the utility’s FRR election.

Dominion has abandoned PJM’s capacity market over concerns the minimum offer price rule will undermine its ability to meet Virginia’s renewable targets.

FERC found the tax relief granted to a solar farm being constructed in Virginia does not fall under PJM’s MOPR or qualify as a state subsidy.

FERC ordered PJM to revise its market seller offer cap to prevent sellers from exercising market power in the RTO’s capacity market.