PJM’s old way of getting power built isn’t working. Has it found a…
Canary Media reports that PJM stakeholders approved a "reliability backstop procurement" auction in June 2026 that would let data centers pay directly for new capacity, after record $16.4 billion capacity costs, price caps at $325 per megawatt-day, and a 6.8-gigawatt shortfall failed to spur new supply for the grid serving 67 million people. Analysts like Julia Hoos back 15-year contracts as a way to finance new plants, while NRDC's Tom Rutigliano warns states must ensure data centers—not ordinary ratepayers—foot the bill.
