Years of long system conditions, low capacity prices, and tightening environmental regulations have placed mounting economic pressure on PJM's thermal assets. Now, PJM is faced with the prospect of widespread thermal retirements amid delayed resource additions and the challenge of meeting significant demand growth from AI-driven data centers and electrification. This webinar will discuss Ascend's view on the dynamics of the PJM power market and the economic outlook for power generators and clean energy development as these driving forces reverberate across REC, capacity, and energy prices.