PJM last week withdrew a proposal to develop a generic transition mechanism to hold capacity providers harmless for future rule changes.

The RTO’s proposed problem statement and issue charge was withdrawn from the agenda of the Markets and Reliability Committee without explanation. There was no indication why the issue was withdrawn or whether it will be added to a future agenda.

Members had greeted the proposal coolly when PJM announced it at the MRC meeting in March. (See PJM Proposes Generic Transition Rule for Capacity Market Changes.)

The proposal was prompted by the transition mechanism approved by members to protect generators whose installed capacity ratings are reduced by seasonal verification tests.