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.
Gov. Shapiro, PJM reach agreement to reduce electricity price caps
Governor Josh Shapiro has reached an agreement with PJM Interconnection after filing a lawsuit over its capacity auction design that could have imposed new price increases. Both parties resolved that lawsuit to reduce their price cap for the next two years.
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.
Fallout continues from Shapiro's agreement with PJM
Shapiro touts his PJM agreement to a gathering in Harrisburg; criticism continues from Pittman, Commonwealth Foundation.
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.
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.
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Governor Josh Shapiro and PJM Interconnection Reach Deal to Save Consumers Billions
Governor Josh Shapiro announced a major agreement with PJM Interconnection that will save consumers over $21 billion in ...
Can this grid deal ease Maryland’s future rate hikes? Proponents say so.
Advocacy groups hope that recent proposals from the region’s electric grid operator will help restrain future rate hikes in ...
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Pa. Gov. Josh Shapiro touts agreement to prevent spike in electricity bills
PJM Interconnection, which controls the flow of electricity to a dozen states, planned to hike rates for consumers through ...
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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 ...