Below is a summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability and Members committees on Wednesday. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage in RTO Insider.

RTO Insider will be covering the discussions and votes. See next Tuesday’s newsletter for a full report.

Markets and Reliability Committee

Consent Agenda (9:05-9:10)

B. The MRC will be asked to endorse proposed revisions to Manual 6: Financial Transmission Rights addressing the enforcement of FTR bid limits at the corporate entity level. Revisions include adding a bullet to Section 6.6 regarding “FTR Auction Business Rules” denoting the rule for FTR auction bid limits at the corporate entity level. (See “FTR Bid Limits Changes,” PJM MIC Briefs: Dec. 2, 2020.)

C. Members will be asked to endorse proposed revisions to Manual 12: Balancing Operations resulting from the periodic review. The changes include updating the out-of-date two settlement terminology to day-ahead market terminology in the markets database application and adding references to the Dispatch Interactive Map Application and reliability assessment and commitment tool.

D. The committee will be asked to endorse proposed revisions to Manual 13: Emergency Operations resulting from the periodic review. Changes include an updated note in Section 2.2: Reserve Requirements increasing the proportion of contingency reserves that can consist of interruptible load from 25% to 33%.

E. The MRC will be asked to endorse proposed revisions to Manual 18: PJM Capacity Market conforming to the PJM MIC Briefs: Jan. 12, 2021.)

F. Stakeholders will be asked to endorse proposed revisions to Manual 38: Operations Planning resulting from the periodic review. The revisions were unanimously endorsed at the Operating Committee meeting Jan. 13. (See “Manual Endorsements,” PJM Operating Committee Briefs: Jan. 13, 2021.)

Endorsements/Approvals (9:10-11:30)

1. Manual 14C Revisions (9:10-9:30)

The MRC will be asked to endorse proposed revisions to Manual 14C: Generation and Transmission Interconnection Facility Construction as part of the biennial cover-to-cover review. Stakeholders voted to delay the revisions at the MRC meeting Dec. 17 after concerns arose over some of the proposed manual language. (See “Manual 14C Delayed,” PJM MRC/MC Briefs: Dec. 17, 2020.)

2. Real-time Values Market Rules (9:30-9:50)

Members will be asked to endorse a solution package addressing real-time values (RTV) market rules and corresponding revisions to Manual 11: Energy & Ancillary Services Market Operations and the tariff and Operating Agreement. Stakeholders endorsed PJM’s package of updates to RTV that call for additional penalties for generation operators that abuse the rules. (See “Real-Time Values Market Rules,” PJM MRC/MC Briefs: Dec. 17, 2020.)

3. PRD Credits Disposition (9:50-10:10)

The MRC will be asked to endorse a proposed solution package addressing the disposition of price-responsive demand (PRD) credits and corresponding revisions to Manual 11: Energy & Ancillary Services Market Operations, Manual 18: PJM Capacity Market, OA, tariff, and Reliability Assurance Agreement. PJM’s settlement rules call for revenues associated with PRD to be credited to the load-serving entity for an area and do not address the roles of electric distribution companies (EDCs) or curtailment service providers (CSPs), meaning some LSEs are paid for PRD service supplied by EDCs and CSPs. (See “PRD Credits Disposition,” PJM MRC/MC Briefs: Dec. 17, 2020.)

4. Stability Limits in Markets and Operations (10:10-10:50)

Members will be asked to endorse a proposed capacity constraint solution package and corresponding OA and tariff revisions regarding stability limits capacity constraints. The proposal addresses the allocation of limits to multiple units by stating that the limit will apply to the sum of the output of the affected units plus ancillary service megawatts. (See “Stability Limits Review,” PJM MIC Briefs: Dec. 2, 2020.)

5. Black Start Unit Testing, CRF, Involuntary Termination, MTSL and Substitution Rules (10:50-11:30)

Stakeholders will be asked to endorse proposed solution packages addressing black start unit testing, involuntary termination, substitution rules, capital recovery factor (CRF) and minimum tank suction level (MTSL), and corresponding revisions to the tariff, Manual 12: Balancing Operations, Manual 14D: Generator Operational Requirements and Manual 15: Cost Development Guidelines. The black start issue has been lingering for months, leading to heated discussions. (See Gen Owners Balk at Change to PJM Black Start Rates.)

Members Committee

Consent Agenda (1:20-1:25)

B. Members will be asked to approve proposed revisions to Manual 34: PJM Stakeholder Process addressing the preference for status quo. The change provides clarifying language to affirm that the preference over the status quo 50% requirement is binding. (See “Manual 34 Revisions,” PJM MRC/MC Briefs: Nov. 19, 2020.)