WILMINGTON, Del. — Nominations are being accepted for the fall elections that will fill a number of positions on the Members, Finance and Nominating committees.

Representatives from each of the five sectors are being sought to serve one-year terms on the Nominating Committee. The target for identifying nominees is Oct. 1, with a vote scheduled for the Oct. 22 MC meeting.

PJM General Counsel Vince Duane cautioned members that the Nominating Committee positions will involve a heavier workload and travel as the RTO is conducting searches to fill several executive vacancies.

For the remaining posts, the deadline for nominations is Nov. 1, with a vote set for the Nov. 20 MC meeting.

Four seats are expiring on the Finance Committee, one each for the End Use Customer, Generation Owner, Other Supplier and Transmission Owner sectors.

Positions also are available for five sector whips, who serve one-year terms.

Finally, a nominee from the End Use Customer sector is being sought to take on a one-year term as vice-chair.

ODEC FTR/ARR Proposal Falls Short

A last-ditch effort by Old Dominion Electric Cooperative to redesign the financial transmission rights and auction revenue rights processes fell just short of a two-thirds consensus Thursday, garnering 66.08% of the sector-weighted vote.

The proposal was backed by most members of the End Use Customer, Transmission Owner and Electric Distributor sectors but won support of only one-third of the Generation Owner and Other Supplier sectors.

The vote was so close that a single additional ‘yes’ vote from Generation Owners, who voted 5-10 against the motion, would have put it over the top. Three more ‘yes’ votes from Other Suppliers, who voted 18-36, would have done the same.

The proposal was brought to the MC after also failing to win over the Markets and Reliability Committee, where it received 59% support at the July 23 meeting. (See ODEC Seeks Last-Ditch Vote on Deadlocked FTR/ARR Issue.)The plan contained three elements.

One, drawn from a PJM staff proposal regarding the Stage 1A 10-year process, would have escalated current ARR results using a zonal load forecast growth rate of +1.5%. The other two elements would have changed the method of reporting the monthly payout ratio so that any negative target allocations would be included as revenue, slightly increasing the reported payout ratio. It also would have treated each FTR individually, eliminating the netting of positively and negatively valued FTR positions in a portfolio prior to determining positively valued FTR payout ratios.

The vote included a friendly amendment that would have required a report after no longer than three years of implementation on the effectiveness of the 1.5% factor.

Tariff Changes Approved Unanimously

Members unanimously approved three sets of rule changes:

• A Tariff revision instituting previously endorsed fees for proposed transmission projects. Beginning next year, PJM will charge $5,000 to study greenfield or upgrade proposals of between $20 million and $100 million and $30,000 for projects costing more than $100 million. The fees will be implemented on a two-year trial basis. (See “PJM Lowers Proposed Tx Project Study Fee” in PJM Planning Committee Briefs.)
• New Tariff language that aims to more accurately reflect how PJM processes requests for merchant network upgrades. The changes address definitions, queue entry, agreements and the capacity market.
• The first and second batches of revised definitions in governing documents developed by the Tariff Harmonization Senior Task Force. Also approved was an amended liability provision that clarifies the definition of PJM net assets. (See Task Force Proposed to Resolve Inconsistencies in PJM Governing Documents.)

— Suzanne Herel