Overview
- PJM told stakeholders it will make an imminent FERC filing for a voluntary bring‑your‑own‑generation construct for large loads that includes an expedited interconnection track targeted for implementation by August.
- The PJM board directed staff to develop rules for a reliability backstop procurement, with the grid operator saying it will provide informational details to FERC by Feb. 27.
- FERC approved new parameters that influence PJM capacity prices, rejecting objections from Monitoring Analytics, which warned the changes could allow a maximum price of about $526/MW‑day versus the $390/MW‑day cap it preferred.
- The White House’s National Energy Dominance Council and PJM‑state governors urged an emergency Reliability Backstop Auction with 15‑year commitments and pressed to extend PJM’s price collar to additional delivery years.
- Analysts cautioned that expedited procurements will not resolve interconnection and transmission bottlenecks or cost‑allocation disputes, and they said any reforms are unlikely to materially lower prices before late 2026.