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.

Jan 28, 2025 · 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.

Jan 29, 2025 · In December, Governor Shapiro filed a complaint against PJM Interconnection, the organization that coordinates wholesale electricity, criticizing flaws in PJM’s capacity auction design that threatened to impose significant new price increases.

Feb 2, 2025 · Pennsylvania Gov. Josh Shapiro has reached an agreement with PJM Interconnection tied to PJM’s capacity auctions. In December, the state of Pennsylvania and Shapiro filed a complaint against the PJM Interconnection at the Federal Energy Regulatory Commission tied to PJM’s capacity auctions.

5 days ago · PJM interconnection is the nonprofit, non-governmental organization that oversees the largest power grid in the U.S. PJM serves 65 million Americans across 13 states, including Pennsylvania, New Jersey, Maryland, Delaware, Ohio, Tennessee, Virginia and West Virginia, along with portions of Illinois, Indiana, Kentucky, Michigan and North ...

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.

Jan 29, 2025 · This week, Governor Josh Shapiro reached an agreement with PJM Interconnection to resolve his recent lawsuit, securing more than $21 billion in savings for consumers over the next two years.

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.

Jan 28, 2025 · The settlement, announced by Shapiro’s office Tuesday, comes less than a month after the Pennsylvania governor filed a complaint before federal utility regulators calling on PJM Interconnection, operator of the regional power grid, to impose a lower price cap on …

Jan 31, 2025 · PJM Interconnection, the company that 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 a few hundred dollars more per household each year.