The Markets and Reliability Committee approved the following Tariff and Operating Agreement revisions last week:

• Clarifications to the Tariff and OA giving generators providing Tier 2 synchronized resources the ability to aggregate these resources in order to avoid retroactive penalties for failure to respond appropriately when called. New language will also be added to Manual 11: Energy & Ancillary Services and Manual 28: Operating Agreement Accounting. Aggregation will not be used in calculating Tier 2 Synchronized Reserve credits; each resource will continue to be credited independently.
• Revisions to the Tariff to reflect current PJM practices regarding credit available for virtual transactions. PJM instituted the policy as the result of a FERC Order in 2004 but failed to make accompanying changes to the Tariff. These revisions also correct for changes in credit policy since 2004 (e.g., working credit limit discount is now 25%, not 15%).
• Clarifications to the Tariff and OA on regulation shoulder hour lost opportunity costs (LOCs). As a result of a review, PJM discovered that the documents didn’t adequately describe the calculation of the deviation between the regulation set point and the expected output of each regulation resource.
• Changes to the Tariff and OA reflecting PJM’s change in mailing address to: PJM Interconnection, L.L.C. 2750 Monroe Blvd., Audubon, PA 19403.

The MRC also approved the following manual changes:

• Manual 13: Emergency Operations — The changes will allow declaration of Cold Weather and Hot Weather alerts several days in advance instead of the day before.
• Manual 18: PJM Capacity Market — Conforming the manual to recent FERC orders, including seasonal verification testing and Capacity Import Limits effective with the 2017/2018 delivery year. (See related story, FERC Clears Capacity Import Limits.)

The Members Committee endorsed the following consent agenda items last week:

• Revisions to PJM’s Tariff and Operating Agreement to clarify agreements and transactions to which PJM Settlement, Inc. is not a party.
• Operating Agreement and Tariff revisions to effectuate the eSuite application name changes (i.e., changing eSchedules and EES to InSchedule and ExSchedule, respectively). Proposed improvements to eSuite applications are slated to continue through 2015.