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

PJM's Board of Managers has adopted a variant of the RTO annual capacity market CIFP proposal, which includes changes to risk modeling, accreditation and capacity performance.

PJM's Markets and Reliability Committee endorsed issue charges, opening stakeholder discussions on generator deactivation timelines and a potential overhaul of the reserve markets during its Sept. 20 meeting.

PJM members recommended various avenues for the RTO's Board of Managers to consider as it weighs a possible FERC filing incorporating components of proposals made during the critical issue fast path process.

FERC agreed that PJM could recover a $140,000 penalty for violating NERC reliability standards from ratepayers.

PJM's Markets and Reliability Committee and Members Committee will convene Sept. 20, with endorsement of revised peak market activity rules and issue charges related to generator deactivation rules and reserve certainty on the agenda.

PJM brought a quick fix solution before the Planning Committee, seeking to address the frequency and magnitude of load forecast adjustments being requested by electric distribution companies.

PJM's Operating Committee delayed a vote on manual revisions aimed at reducing the circumstances under which the RTO would provide advance notice of when it will be sharing confidential member information with third parties.

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