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11 Governors Launch PJM Collaborative, Press for Faster Reforms or Possible Exit

State leaders set a months-long deadline after AI-driven demand sent capacity prices sharply higher.

Pennsylvania Governor Josh Shapiro speaks at a ribbon cutting at the TGR Learning Lab Philadelphia in West Philadelphia, Pennsylvania, U.S., September 8, 2025. REUTERS/Rachel Wisniewski/File Photo
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Overview

  • At a Philadelphia summit, governors from 11 PJM states formed the PJM Governors' Collaborative to seek formal authority in the grid operator's decisions, including FERC filing rights and a role in board selection.
  • Pennsylvania’s Josh Shapiro and Virginia’s Glenn Youngkin warned their states could move to leave PJM if changes are not delivered within months, with Maryland’s Wes Moore and New Jersey’s Phil Murphy backing greater state influence.
  • PJM CEO Manu Asthana said the operator is open to talks but any governance or market changes must go through PJM’s Members Committee or FERC proceedings, which could take time.
  • Capacity auction payments have surged about 1,000% over the last two auctions, driving double-digit bill increases in parts of the region, with PJM’s market monitor identifying data-center load growth as the primary factor.
  • Independent power producers, led by EPSA, oppose expanding state control, while new polling shows broad voter support for expanding transmission to connect more low-cost power.