Below is a summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee on Thursday. 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 in Wilmington, Del., covering the discussions and votes. See next Tuesday’s newsletter for a full report.

NOTE: There is no Members Committee meeting this month.

2. PJM Manuals (9:40-10:10)

Members will be asked to endorse the following proposed manual changes:

• Manual 10: Pre-Scheduling Operations. Revisions reflect periodic review and clarify rules around maintenance outage recalls.
• Manual 13: Emergency Operations. Revisions reflect periodic review.
• Manual 14D: Generator Operational Requirements. Revisions address fuel-limitation reporting.

3. Replacement of Capacity Obligations (10:10-10:40)

Members will be asked to endorse revisions to Manual 18: Capacity Market regarding the immediate replacement of capacity obligations. (See “Citigroup Wins Change on Capacity Resales,” PJM Markets and Reliability and Members Committees Briefs and “PJM, IMM Partner on Capacity-Replacement Revision” in this edition’s PJM Market Implementation Committee Briefs.)

4. Residual ARR Enhancements (10:40-10:55)

Members will be asked to endorse a rule change concerning residual auction revenue rights that was approved last week by the Market Implementation Committee. The changes, proposed by Exelon and Direct Energy, will require PJM to run another simultaneous feasibility test and pro rata distribution with all negatively valued bids removed. (See “Stakeholders Debate ARR Changes,” PJM Market Implementation Committee Briefs.)

5. FTR Undiversified Credit Adder (10:55-11:15)

Members will be asked to approve proposed revisions to the undiversified credit requirements for participation in financial transmissions rights auctions that were approved last week by the Market Implementation Committee. Under current rules, FTR credit requirements are calculated in two parts, one based on price and the adjusted historical values of individual FTRs, the second a portfolio-based “undiversified credit adder” applied to net counterflow portfolios — a process that some said caused clearing delays and credit uncertainty. The new rules eliminate the undiversified portfolio adder in exchange for increasing the adjustment factor in underlying credit calculations for historically counterflow paths from 10% to 25%.

5. Market Implementation Committee Charter (10:25-10:30)

Members will be asked to approve the updated MIC Charter, which eliminates references to “working groups.” (See “‘Working Groups’ Removed from MIC Charter,” PJM Market Implementation Committee Briefs.)

– Rory D. Sweeney