Deal reached to avoid ‘historic’ PJM electricity price hikes
Pennsylvania Gov. Josh Shapiro said he worked with PJM to lower the capacity auction price cap – from over $500/MW-day to $325/MW-day.
PJM, Pa. governor reach lawsuit agreement to prevent energy price hikes
Eastern grid operator PJM Interconnection LLC reached a preliminary agreement Tuesday with Pennsylvania Gov. Josh Shapiro to resolve a pending lawsuit to cap prices paid to electricity generators for future supply.
PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap
PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day.
Pennsylvania Governor and PJM reach agreement over capacity payments
Pennsylvania Governor Josh Shapiro on Tuesday said he has reached an agreement with grid operator PJM Interconnection to settle his recent complaint about its power market rules and save consumers over $21 billion in energy costs over two years.
PJM agrees to lower price cap for upcoming capacity auctions
If approved, the agreement would settle a complaint by Pennsylvania Gov. Shapiro over the PJM Interconnection’s capacity auction price cap.
Shapiro reaches deal with PJM to limit electricity price hikes for Pennsylvania consumers
Pennsylvania Gov. Josh Shapiro on Tuesday announced he’s reached agreement with the regional grid operator PJM Interconnection that he said will blunt the expected sharp rise in the cost of electricity later this year.
Pennsylvania governor negotiates a deal with PJM over power prices
Josh Shapiro has pressed the Eastern grid operator for answers to high prices amid tighter electricity supplies.
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Mid-Atlantic States, PJM Agree to Price Cap for Capacity Auction, Temporarily Easing Energy Affordability Concerns
The agreement between the region’s grid operator, PJM Interconnection, and Pennsylvania should shield ratepayers from price ...
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Two fossil-fired plants get a life extension as part of PJM agreement
The 359 MW Wagner Unit 3 was completed in 1966 as a coal-fired unit that Talen converted to run on fuel oil at the end of ...
Can this grid deal ease Maryland’s future rate hikes? Proponents say so.
Environmental and ratepayer advocacy groups expect that recent proposals from PJM Interconnection, the operator of the ...
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Shapiro administration announces settlement to prevent billions in extra electricity costs
Pennsylvania and the region’s electrical grid operator PJM Interconnection have reached an agreement that Gov. Josh Shapiro’s ...
Maryland Gov. Moore joins Pennsylvania in calling on grid operator PJM to lower energy prices
Maryland Gov. Wes Moore joined Pennsylvania Gov. Josh Shapiro in calling on grid operator PJM Interconnection LLC to take ...
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Calpine to sell 3.5 GW of gas generation in PJM as part of Constellation acquisition
Constellation and Calpine’s generation fleets are complementary and largely located in different U.S. regions. However, the ...
Calpine plans to sell four power plants in PJM to avoid market power concerns from Constellation merger
Calpine said it will sell four power plants in the PJM Interconnection totaling 3,546 MW in an effort to allay concerns that Constellation Energy's (NASDAQ:CEG) plan to buy the company could use its ...
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Electric grid operator agrees to Shapiro demand on power price cap
The organization that oversees the region’s electrical grid has agreed to a new cap on certain power price hikes, following a ...