PJM presented a preliminary proposal to overhaul its capacity market to the Resource Adequacy Senior Task Force.

PJM stakeholders requested that the Board of Managers provide more information about its initiation of a fast-track process to address reliability concerns.

Generation owners in PJM say declining capacity prices and market participation in the Base Residual Auction demonstrate underlying issues with the market.

PJM's MIC OK'd rules on accounting for PTC/REC revenue and dealing with long-term market suspensions and discussed a loophole allowing CTs to ignore dispatch.

At the first in-person MRC meeting since the pandemic, PJM faced opposition to proposals regarding FERC filings and a change to the capacity offer cap.

PJM detailed a proposal to update the process timing for generation deactivations at the Markets and Reliability Committee meeting.

The PJM MRC approved an updated issue charge for the Resource Adequacy Senior Task Force after debating its out-of-scope items, including demand response.