VALLEY FORGE, Pa. — PJM on Thursday held what may have been its shortest Markets and Reliability Committee meeting ever, lasting just under an hour.

Annual FTR Changes

PJM presented a first read of its annual Manual 6 cover-to-cover review regarding financial transmission rights.

Brian Chmielewski, manager of market simulation, said staff are continuing their look into rule changes around FTR mark-to-auction credit requirements detailed in Section 6.7, but they’re moving ahead with default settlement rule updates, realignments to the OASIS refresh and the hourly cost component change, pending FERC approval.

Manuals Endorsed

• Manual 01: Control Center and Data Exchange Requirements as a part of the cover-to-cover review.
• Manual 03: Transmission Operations as a part of a cover-to-cover review.
• Manual 07: PJM Protection Standards to update applicability references and an Institute of Electrical and Electronics Engineers standard reference.
• Manual 11: Energy & Ancillary Services Market Operations and Manual 13: Emergency Operations to clarify the impact of operationalizing gas contingencies on reserve requirements and reserve market eligibility.
• Manual 13: Emergency Operations as part of a cover-to-cover review.
• Manual 36: System Restoration as a part of a cover-to-cover review.

— Christen Smith