Overview
- Administration officials and a bipartisan group of governors are set to unveil a statement urging PJM to run a special reliability auction that compels major tech firms to secure long‑term contracts for new generation.
- The plan under discussion includes two‑year limits on wholesale price increases in PJM markets to shield consumers from rising electricity costs.
- PJM says it was not invited to the White House event and will not attend, highlighting uncertainty about how and whether the proposal would be implemented.
- Officials have indicated the auction could support roughly $15 billion in new power plants if PJM adopts the approach.
- The guiding principles also call for faster interconnection of projects and use of PJM’s reliability backstop to create a separate procurement path for new generation, with Pennsylvania Gov. Josh Shapiro tying his participation to stronger consumer protections.