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PA PJM settlement may ease prices, green projects await grid

Summary by PublicSource | News for a Better Pittsburgh…
A January settlement between Pennsylvania Gov. Josh Shapiro and regional power grid operator PJM Interconnection forestalled what the governor called “potentially the largest unjust wealth transfer in the history of U.S. energy markets.” After wholesale electricity prices jumped 800% at PJM’s power auction over the summer, Shapiro sounded the alarm bells, warning in a January open letter that price escalation “threatens to undermine public confi…
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PublicSource | News for a better Pittsburgh… broke the news in on Thursday, February 6, 2025.
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