FERC Sets September Deadline for PJM Governance Overhaul or Face Imposed Reforms

FERC Chair Laura Swett warns PJM Interconnection must adopt governance and stakeholder reforms by the end of September or the agency will impose its own changes, citing a grave legitimacy crisis and concerns about board independence and state influence. The discussion centers on moving toward an advisory stakeholder process, expanding states’ roles, and potentially giving states filing rights at FERC, with stakeholders split over how much reform should serve public interest versus member interests and the outcome potentially impacting capacity-market governance and grid reliability.