Eastern grid operator PJM Interconnection LLC reached a preliminary agreement Tuesday with Pennsylvania Gov. Josh Shapiro to resolve a pending lawsuit to cap prices paid to electricity generators for future supply.

Pennsylvania Gov. Josh Shapiro said he worked with PJM to lower the capacity auction price cap – from over $500/MW-day to $325/MW-day.

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 over $21 billion in energy costs over two years.

The agreement between the region’s grid operator, PJM Interconnection, and Pennsylvania should shield ratepayers from price shocks.

Governor Josh Shapiro announced a major agreement with PJM Interconnection that will save consumers over $21 billion in energy costs over the next two

Maryland Gov. Wes Moore joined Pennsylvania Gov. Josh Shapiro in calling on grid operator PJM Interconnection LLC to take action to prevent energy cost increases.

Josh Shapiro has pressed the Eastern grid operator for answers to high prices amid tighter electricity supplies.

Pennsylvania and the region’s electrical grid operator PJM Interconnection have reached an agreement that Gov. Josh Shapiro’s office said Tuesday will protect consumers against steep increases in their power bills.

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 electricity later this year.

PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJM’s capacity market pricing, agreeing to lower the grid operator’s auction price cap from over $500/MW-day to $325/MW-day.

If approved, the agreement would settle a complaint by Pennsylvania Gov. Shapiro over the PJM Interconnection’s capacity auction price cap.

Maryland Gov. Wes Moore calls on PJM Interconnection to change power procurement rules, joining other government officials to prevent higher bills.