MIC Corrects Omission in Replacement Capacity Inquiry
Aug 13, 2013
The Market Implementation Committee Wednesday revised an issue charge it approved in March, adding a work activity inadvertently omitted from the original.
The Market Implementation Committee Wednesday revised an issue charge it approved in March, adding a work activity inadvertently omitted from the original.
MIC agreed March 6 to consider changing the rules of the PJM capacity market to eliminate arbitrage opportunities between the Base Residual and Incremental capacity auctions. (MIC to Investigate Arbitrage in Capacity Market)
The issue charge brought to a vote mistakenly omitted a friendly amendment from Dave Mabry, energy management specialist for McNees, Wallace, & Nurick LLC, to include “capacity market costs” in the work activities.
The amended issue charge was approved without opposition.