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.
Deal reached to cap electricity rate in NJ, 12 other states
PJM agreed to a price cap suggested by Democratic Pennsylvania Gov. Josh Shapiro that the governors said will save consumers $21 billion over two years.
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.
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.
Gov. Shapiro, PJM reach agreement to reduce electricity price caps
Florida Gov. Ron DeSantis (R) said Wednesday he plans to veto a Republican-sponsored immigration bill that was passed by the Florida Legislature this week, marking the latest salvo in his feud with state GOP lawmakers.
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 threat from Pennsylvania Gov. Josh Shapiro to consider pulling out of the system.
Big6h
Pa. Gov. Josh Shapiro touts agreement to prevent spike in electricity bills
Governor Josh Shapiro said Pennsylvanians will be spared a steep rate increase proposed last year by the operator of the ...
POWER Magazine2d
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, ...
Bitcoin miner Stronghold to pay $1.4M to settle charges it violated PJM market rules
Stronghold failed to meet its must-offer capacity obligation by using power it produced to run bitcoin mining rigs, according ...
FERC, Energy Company Spar Over Storm Power Outage Repercussions
The D.C. Circuit seemed uncertain during arguments Friday about whether an electricity generator met the conditions to be ...
penncapital-star2d
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 ...
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 ...
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 ...
Inside Climate News1d
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 ...
Power Engineering1d
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 ...