FERC said PJM should not have included a 10% adder in its calculation of make-whole payments to generators whose costs exceeded the offer cap last winter.

A cost-benefit analysis released by PJM and the IMM says the RTO's proposed Capacity Performance product would cost ratepayers as much as $6 billion over the next four years.

PJM’s Oct. 7 revisions to its Capacity Performance proposal appear to have won over Independent Market Monitor Joe Bowring.

Duke Energy and Exelon should be among the companies barred from acquiring any generation divested by PPL as part of its Talen Energy spinoff, the IMM told FERC.

PPL’s plan to spin off its generation into Talen Energy needs additional mitigation to address local market power concerns, PJM’s market monitor told FERC.

PJM’s Market Monitor overstepped its authority in calculating the capacity offer cap, but the RTO’s Tariff may need to be changed, FERC ruled.

PJM’s Market Monitor has weighed in on a MISO dispute over whether generation owners can be compensated for their plants’ sunk costs when the plants are prevented from retiring in order to maintain grid reliability.

Dynegy said last week it will seek to move its Illinois generation to PJM unless MISO changes its capacity market rules.

At FERC's uplift hearing, PJM was a target for criticism from market participants smarting over the $600 million uplift bill from January’s polar vortex.

PJM's Market Monitor used his newest State of the Market report to repeat longstanding recommendations and warn stakeholders not to overreact to the winter’s extreme weather.