The PJM Board of Managers agreed to submit staff’s revised energy price formation proposal for FERC approval, CEO Andy Ott said.

Pennsylvania lawmakers must approve nuclear subsidies by May to prevent the retirement of Three Mile Island Unit 1, Exelon CEO Chris Crane said.

PJM stakeholders failed again to reach agreement on energy price formation rules, as a last-ditch effort at compromise fell short in a sector-weighted vote.

Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.

PJM CEO Andy Ott responded to concerns about the Board of Managers’ recent ultimatum around price formation, and stakeholders offered additional ones.

PJM staff moved briskly through a dense agenda of the Energy Price Formation Senior Task Force in hopes of wrapping up the initiative by a Jan. 31 deadline.

PJM’s Board of Managers signaled it is done waiting for stakeholders to make progress on a nearly yearlong initiative to improve energy price formation.

Months past the deadline requested by PJM’s Board of Managers, details of potential changes to the RTO’s energy market remain anyone’s guess.

PJM staff are pushing skeptical stakeholders to vote on a proposal to revise energy price formation at the next Energy Price Formation Task Force meeting.

ERCOT’s Board unanimously approved staff’s determination that no market changes are needed to address price formation issues as a result of DC tie flows.