Stock Markets January 26, 2026

PJM Declares Maximum Generation Emergency as Winter Peak Forecasts Hit 147,200 MW

Regional grid operator issues EEA1 alert for Jan. 27 and asks generators to disclose return timelines amid sustained high demand

By Hana Yamamoto
PJM Declares Maximum Generation Emergency as Winter Peak Forecasts Hit 147,200 MW

PJM Interconnection issued a Maximum Generation Emergency/Load Management Alert and an Energy Emergency Alert 1 (EEA1) on Monday, setting the alert for the full day on Tuesday, January 27, 2026. The operator forecasts a winter record peak of 147,200 megawatts (MW) for that day and has asked generation dispatchers to report estimated return times for units on planned outage via eDART.

Key Points

  • PJM issued a Maximum Generation Emergency/Load Management Alert and an EEA1 for Tuesday, January 27, 2026, posted at 10:15 Eastern Time on Monday.
  • The operator forecasts a winter peak of 147,200 MW for Tuesday, which would be a new winter record for PJM, which serves 13 states and the District of Columbia.
  • PJM asked generation dispatchers to submit "Early Return Time" estimates via eDART for generators currently on planned outage; weekly load forecasts show sustained high demand through Friday with some relief projected for the weekend.

PJM Interconnection has activated emergency measures ahead of a projected winter record in regional electricity demand. In a posting on its Emergency Procedures page at 10:15 Eastern Time on Monday, the transmission operator announced a Maximum Generation Emergency/Load Management Alert and an EEA1 for Tuesday, January 27, 2026.

The alert is scheduled to remain in force for the entirety of Tuesday, effective from 00:01 through 23:59. The operator's notice states, "Maximum Generation Emergency has been called into the operating capacity." It directs generation dispatchers to provide PJM with estimates of how quickly generators that are on planned outage could return to service. These "Early Return Time" updates are to be submitted through PJM's eDART system.

Alongside the emergency declaration, PJM published its load forecasts for the week, showing elevated demand stretching beyond Tuesday. The operator's daily projections are:

  • Monday, January 26: 137,800 MW
  • Tuesday, January 27: 147,200 MW
  • Wednesday, January 28: 145,600 MW
  • Thursday, January 29: 144,500 MW
  • Friday, January 30: 145,900 MW
  • Saturday, January 31: 131,000 MW
  • Sunday, February 1: 126,000 MW

The 147,200 MW load forecast for Tuesday would constitute a new winter peak for PJM, the regional transmission organization that manages and coordinates the high-voltage electric grid across 13 states and the District of Columbia.

PJM's request for Early Return Time estimates indicates the operator is seeking information on how rapidly capacity on planned outage might be restored, should system conditions require it. The emergency classification and the EEA1 status are formal steps that alert market participants and operators to tight supply-demand conditions and the potential need for coordinated action to maintain system reliability.

For the remainder of the week, PJM's outlook continues to show high daily load projections in the mid-140,000 MW range, with a decline projected for the weekend. Exact figures for each day are listed above per PJM's published forecasts.


Summary

PJM has issued a Maximum Generation Emergency/Load Management Alert and an EEA1 for Tuesday, January 27, 2026, forecasting a winter record peak of 147,200 MW and requesting Early Return Time estimates via eDART from generation dispatchers for units on planned outage.

Risks

  • Potential strain on generation capacity during the declared emergency day, given the forecasted record 147,200 MW peak - impacts utilities and wholesale electricity markets.
  • Uncertainty around the availability and return timing of generators on planned outage, which PJM has asked dispatchers to report via eDART - impacts system reliability and market operations.
  • Sustained elevated demand through the week beyond the record forecast could increase stress on the grid and influence market prices until projected weekend relief occurs - impacts energy suppliers and grid operators.

More from Stock Markets

SoftBank unit and Intel to jointly develop 'Z-Angle' memory technology Feb 2, 2026 M EVO GLOBAL ACQUISITION CORP II Raises $300 Million in IPO Aimed at Critical Minerals Deals Feb 2, 2026 NRW Holdings Shares Rise After Securing A$175m Rio Tinto Earthworks Contract Feb 2, 2026 Federal Judge Blocks Attempt to End Temporary Protected Status for Haitians Feb 2, 2026 Google Cloud and Liberty Global Agree Five-Year Deal to Roll Out Gemini AI Across Europe Feb 2, 2026