PJM, headquartered in Valley Forge, Pennsylvania, was the world's largest competitive wholesale electricity market until the development of the European Integrated Energy Market in the 2000s. [4] . More than 1,000 companies are members of PJM, which serves 65 million people and has 185 gigawatts of generating capacity.

3 days ago · Harrisburg, PA – Today, Governor Josh Shapiro announced he has reached an agreement with PJM Interconnection on a plan to resolve his recent lawsuit and to save consumers over $21 billion over the next two years.In December, Governor Shapiro filed a complaint with the Federal Energy Regulatory Commission (FERC) against PJM Interconnection, criticizing flaws in PJM’s capacity auction design ...

1 day ago · 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 ...

2 days ago · The 1,700-MW coal-fired Keystone power plant near Shelocta, Pa. The PJM Interconnection will set a price cap and price floor for its next two capacity auctions under an agreement reached on Jan ...

12 hours ago · A settlement between PJM Interconnection, the regional grid operator, and the state of Pennsylvania will temporarily cap soaring electricity costs for 65 million consumers across the Mid-Atlantic ...

1 day ago · PJM Interconnection, the company which manages the electricity grid in 13 states, had proposed a new rate structure that Shapiro said would cost electric consumers $21 billion through 2028 — or ...

1 day ago · (WHTM) — Governor Josh Shapiro has reached an agreement with PJM Interconnection after filing a lawsuit over its capacity auction design that could have imposed new price increases. Both parties ...

Governor Josh Shapiro filed a complaint with the Federal Energy Regulatory Commission (FERC) against PJM Interconnection, criticizing flaws in PJM’s capacity auction design that threaten to impose significant new price increases.

2 days ago · 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 ...

In 1956, with the addition of two Maryland utilities, it became the Pennsylvania-New Jersey-Maryland Interconnection, or PJM. PJM became a fully functioning ISO in 1996 and, in 1997, it introduced markets with bid-based pricing and locational market pricing (LMP). PJM was designated an RTO in 2001.