AI Summary

The Federal Energy Regulatory Commission (FERC) has set a deadline for PJM to implement governance reforms. If PJM fails to adopt these changes by September, FERC will impose its own set of reforms. The warning from FERC's chairman underscores the importance of PJM's compliance with the proposed reforms. The reforms aim to strengthen the independence of PJM's board and give states more influence in the grid operator's decision-making process. The potential imposition of FERC's reforms highlights the ongoing debate over PJM's governance structure and its alignment with the public interest.

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