PJM Interconnection LLC (PJM)
Several state consumer advocates filed a complaint at FERC alleging PJM’s capacity market is failing to mitigate market power, overestimating future load and producing high clearing prices that generation owners cannot act on.
Paul McGlynn, vice president of planning, will retire in 2025 and his role will be filled by Jason Connell, executive director of transmission and resource adequacy planning.
A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings.
FERC approved a PJM waiver request to offset the RTO’s capacity auction schedule by six months starting with the 2026/27 Base Residual Auction.
PJM’s Planning Committee endorsed an issue charge to examine a “disconnect” around risk modeling showing loss of load risk has shifted from summer peaks to the winter and the calculation of zonal capacity emergency transfer limits.
PJM presented an issue charge focused on the potential for compensation for generators providing black start service to fall to zero a decline in net cost of new entry values in the 2025/26 Base Residual Auction.
The PJM Operating Committee endorsed a quick fix proposal to revise Manual 13: Emergency Operations to add transparency to the Day Ahead Scheduling Reserve.
Newly minted American Electric Power CEO Bill Fehrman is promising to “embrace large load opportunities,” leverage its expertise in 765-kV transmission and deliver more positive regulatory outcomes.
The PJM Markets and Reliability Committee endorsed two issue charges sponsored by LS Power addressing the transparency and functionality of PJM’s marginal effective load-carrying capability accreditation methodology.
On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.
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