PJM 2028/29 capacity auction bid close today Jul 7 EOD / results Tue Jul 14 after 4 PM ET / governor-negotiated $175 floor $325 cap / 13-state pre-negotiated band first-in-history / 65M people served / 22% of US demand / Virginia data center alley in-footprint / 2024/25 cleared $28.92 / 2025/26 cleared $269.92 / 2026/27 cleared $329.17 cap / clearing outcome determines 2028+ hyperscaler capex modeling / same-day analysis window 3-6 PM ET Jul 14
Plain-English background on why the PJM 2028/29 auction closing today matters more than a routine capacity procurement. PJM Interconnection operates the regional grid across 13 states and DC (roughly PA/NJ/MD/DE/VA/WV/OH/IL/IN/KY/NC/TN/MI and DC) — 65 million...