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 shocks.
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.
PJM Electric Grid Lawsuit Resolved; Shapiro Touts Price Cap Agreement
The price cap is a short term solution. Experts say getting more electric supply plugged into the grid is required to keep electric bills low.
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.
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 ...
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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 ...
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 ...
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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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.
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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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 ...
Price cap possible as rising energy costs loom
A new deal could dampen the shock of anticipated price spikes from rising energy costs. On Tuesday, Pennsylvania Gov. Josh ...