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.
Deal reached to avoid ‘historic’ PJM electricity price hikes
Josh Shapiro has reached an agreement with PJM Interconnection over a lawsuit concerning potential “significant” electricity price increases in the 13-state territory. Shapiro filed a lawsuit with the Federal Energy Regulatory Commission (FERC) against PJM in December,
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.
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.
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.
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 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.
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"They were very purposeful in trying to wreak havoc on our communities and stop these federal dollars from flowing to our states," the governor said.
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