PJM Interconnection, the nation’s largest grid operator, is proposing a new plan to reduce the risk of blackouts during extreme weather events. And while both fossil fuel and renewable power generators are on board, a potential cap on the imposition of penalties when blackouts do occur is raising questions. POLITICO’s Catherine Morehouse breaks down the details of the plan, why it’s coming now, and how it might be the start of wider reforms by PJM. Plus, the Biden administration is expected to reach a deal today with Venezuela to ease oil sanctions, according to a media report.

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Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.

Nirmal Mulaikal is a POLITICO audio host-producer.

Kara Tabor is an audio producer for POLITICO.

Gloria Gonzalez is the deputy energy editor for POLITICO.

Matt Daily is the energy editor for POLITICO.

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Inside PJM’s new plan to keep the lights on during extreme weather