Pennsylvania Gov. Josh Shapiro on Tuesday announced he’s reached agreement with the regional grid operator PJM Interconnection that he said will blunt the expected sharp rise in the cost of electricity later this year.

Governor Josh Shapiro reached an agreement with PJM on a plan to save consumers over $21 billion more than the next two years.

The organization that oversees the region’s electrical grid has agreed to a new cap on certain power price hikes, following a threat from Pennsylvania Gov. Josh Shapiro to consider pulling out of the system.

Gov. Josh Shapiro announced Tuesday that he has reached an agreement with PJM Interconnection on a plan to resolve his recent lawsuit.

Maryland Gov. Wes Moore joined Pennsylvania Gov. Josh Shapiro in calling on grid operator PJM Interconnection LLC to take action to prevent energy cost increases.