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 agreed to reduce its nonperformance penalties 31.7% for generators that could not meet their capacity obligations during the December 2022 winter storm.

Several generation companies and PJM have indicated that they will finalize a settlement over the performance penalties the RTO assessed following Winter Storm Elliott.

PJM and stakeholders presented their final CIFP proposals and posted executive summaries explaining how their packages would redesign the RTO's capacity market.

PJM showed updated risk analysis figures and stakeholders made new proposals during the July 17 Critical Issue Fast Path process meeting.

PJM completed its delivery of a sprawling presentation outlining its envisioned overhaul of the capacity market, followed by stakeholder presentations from Calpine, Daymark Energy Advisors and the East Kentucky Power Cooperative.

The PJM Planning Committee approved documents to explore possible improvements to transferring capacity interconnection rights.

Stakeholders continued to refine proposals to overhaul PJM’s capacity market through the second phase of the RTO’s critical issue fast path process.

PJM is considering changes to how it manages the remaining run hours for coal plants limited by fuel shortages.

A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings on April 27.