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FERC on September 29, 2026 issue an order accepting reliability backstop procurement and establishing further procedures re PJM Interconnection, L.L.C. under ER26-3380 et al.

“Our preliminary analysis indicates that, while some aspects of PJM’s proposal are just and reasonable, other aspects of PJM’s proposal have not been shown to be just and reasonable and may be unjust, unreasonable, unduly discriminatory or preferential, or otherwise unlawful.  PJM’s filing raises issues of material fact that cannot be resolved based on the record before us and that are more appropriately addressed in the paper hearing procedures established below.  Accordingly, we accept PJM’s proposal for filing and suspend it for five months to become effective February 28, 2027, subject to refund and to the outcome of paper hearing procedures.  Specifically, the paper hearing procedures should address the Commission’s potential modifications with respect to the portions of PJM’s existing RBP proposal that are discussed immediately below.  Aside from the three issues discussed directly below, we find that the other aspects of PJM’s RBP proposal are just and reasonable, as discussed in this order.”

“We direct PJM to submit an initial brief addressing the paper hearing topics discussed below (cost allocation, Transmission Owner exit rules, and LSE collateral requirements), and to discuss in that brief whether its proposal could be just and reasonable if modified.  Other parties to this proceeding may also submit initial briefs    on these topics.  Initial briefs are due 45 days from the date of this order.  However, we anticipate that the Commission would grant a motion to hold that briefing in this proceeding in abeyance if PJM submitted a new section 205 filing within 30 days from the date of this order.  Absent any such abeyance, responses to those initial briefs are due 20 days after the date that initial briefs are due.”