The New Jersey Board of Public Utilities approved zero-emission credits totaling $300 million for the Hope Creek and Salem nuclear plants.

It’s been nearly 3 weeks since Pa. lawmakers proposed a $500 million plan to subsidize the state’s nuclear fleet, and hearings on the issue are weeks away.

With two months to go before Exelon says it will pull the plug on Three Mile Island, Pennsylvania lawmakers unveiled legislation to spend $500 million annually to subsidize the state’s nuclear fleet.

The PJM MIC set up a showdown over whether the RTO can force capacity resources into energy-only status for failing to meet requirements.

PJM’s Market Implementation Committee, which approved changes to its must-offer exception rules in November, will consider 2 alternative proposals March 6.

Pennsylvania lawmakers must approve nuclear subsidies by May to prevent the retirement of Three Mile Island Unit 1, Exelon CEO Chris Crane said.

Memos supporting a plan to save Pennsylvania’s nuclear reactors began circulating through the state legislature as the window to prevent closures dwindles.

Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.

FERC said it shares authority with the federal court over any power purchase agreements Pacific Gas and Electric seeks to modify as part of its bankruptcy.

The PJM Market Implementation Committee discussed the must-offer exception process and FERC’s energy storage order at last week's meeting.