PJM's Annual Meeting last week marked a number of milestones: It was the largest yet, with 525 attendees, and it heralded the end of CEO Terry Boston’s eight-year tenure.

A group at PJM’s biannual General Session debated the value and challenges of microgrids.

Andy Ott, PJM’s executive vice president of markets, will replace Terry Boston as president and CEO later this year, PJM announced Wednesday.

PJM CEO Terry Boston has announced he will retire by the end of the year. He leaves behind a legacy of building stakeholder consensus and steady leadership.

PJM President and CEO Terry Boston plans to retire effective Dec. 31. A search for a replacement is already underway.

PJM’s Board of Managers announced a final Capacity Performance plan that includes a more gradual transition into the new market design and increased benefits for high-performing generators.

PJM will increase performance penalties and incentives and seek ways to incorporate firm gas transportation in energy prices under an initiative announced last week to reduce generator outage rates during winter.

Consumer advocates asked the PJM Board of Managers to assess the impact of recent capacity market changes before making any new ones and criticized what they called the RTO’s new “inflexibility.”

FTR traders asked PJM and the Market Monitor to take action to address funding shortfalls, receiving sympathy but no commitments.

WASHINGTON -- A panel headed by former CIA and NSA chief Michael Hayden today recommended an expansion of the electric industry’s cybersecurity efforts, saying the current efforts by FERC and NERC fail to protect the distribution system.