Interdependence is a given at PJM Interconnection, which oversees a 62,555-mile section of the North American power transmission grid that spans 13 northeastern and midwestern states and the District of Columbia. The regional transmission organization monitors and coordinates the movement of wholesale electricity in its service territory; its 850 members have a combined generating capacity of 185,600 MW. Sanctioned by the
PJM's members include power generation companies, transmission owners, electricity distributors, power marketers, and large industrial consumers.
The organization is structured to secure independence and neutrality in its business operations. It has a two-tier committee structure consisting of 10-person Board of Managers (made up of individuals with no financial interests in PJM market participants) and a Members Committee which represents the interests of participating members. The structure is designed to secure that individual members have strong input on issues while protecting the neutrality of PJM's decision-making process.
In addition to overseeing and maintaining the generation and transmission reliability of the electric system, the enterprise is also responsible for maintaining the integrity of the regional power grid as it accommodates new generating plants, and other equipment such as substations and transmission lines. PJM also analyzes and forecasts the future power needs of the region and develops renewable energy resources as a way to expand power supply options and keep prices competitive.
Its Markets and Operations unit has expertise in Energy Marketing, Reliability Pricing Model, Financial Transmission Rights, Demand Response, Financial Credit, Ancillary Services, Synchronized Reserve, and Regulation.
PJM subsidiary PJM Environmental Information Services reports and tracks emissions data and Renewable Energy Credits.
PJM Settlement, a Pennsylvania nonprofit corporation, handles all of PJM's financial credit settlement activities.
PJM Technologies provides services to existing and emerging energy markets, system operators, and regional transmission operators.
PJM coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia. Its total service area covers 214,000 square miles.
The company reported a slight revenue dip in 2013 due to lower interest income and other income, partially offset by higher deferred regulatory income, service, and membership fees. PJM posted net income growth that year of 16% due to higher income tax benefits.
The company grows through organic expansion and by absorbing the operations of power transmission and distribution companies. To upgrade its infrastructure, in 2013 PJM authorized $1 billion in improvements to its high-voltage electric transmission system that serves the Mid-Atlantic and all or parts of other states between the Mid-Atlantic and Chicago.
Generation owners plans to retire more than 14,000 MW of coal-fired generation by the end of 2015. PJM is dealing effectively with this rapid transformation and has three-year forward capacity marketattracting resources of all kinds - combined-cycle gas generators, renewable resources, demand response and energy efficiency - that enhance competition and ensure reliability. In 2013 it had more than 169,000 MW committed for future service, including 5,400 MW of new generation, and more than 12,400 MW of demand response
Mergers and Acquisitions
In 2013 the integration of
Growing its geographic coverage, in 2012 PJM assumed operational control of the transmission systems of
In 2011 PJM integrated
In a move to improve the efficiency and reliability of its operations, in 2010 PJM teamed up with
PJM was formed in 1927 when three utilities interconnected to share resources, thus creating the world's first continuing power pool. In 1997 PJM became the first independent system operator.
2750 MONROE BLVD
Norristown, PA 19403-2429
Phone: 1 (610) 666-8980
Employer Type: Privately Owned
Managing Director, Strategic Development: Todd Bessemer
Vice President, Reliability Services: Michael Kormos
Legal Secretary: Jenny Mars
Employees (This Location): 519
Employees (All Locations): 600