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 has assessed more than $1.8 billion in performance penalties on generators that underperformed during the December 2022 winter storm, the RTO said.

More generator companies filed complaints with FERC alleging that PJM violated its governing documents during its response to the December 2022 winter storm.