PJM members debated four potential changes to the offer cap at a specially called meeting of the Markets and Reliability Committee, failing to agree on any one.

FERC has denied another generator’s request for make-whole payments for natural gas it purchased that was never used during the event, citing rules against retroactive ratemaking.

PJM stakeholders will continue to debate changing the $1,000/MWh energy offer cap at a special four-hour Markets and Reliability Committee meeting called for Sept. 9.

FERC Commissioner Tony Clark said that the commission has “a sense of urgency” to take action on price formation issues after initiating an inquiry into the subject more than a year ago.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 08/27/15. 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.

FERC denied the SPP Market Monitoring Unit’s request for rehearing of a December 2014 order that rejected the Monitor’s use of a market-impact test to track physical withholding.

Maxim Power wants to FERC drop two other allegations or combine them with the original complaint.

The developer of the Northern Pass transmission line that would bring Canadian hydropower to New England has proposed burying 60 miles of the line through scenic areas of New Hampshire, a change that will force a reduction in its capacity.

PJM energy market prices were down almost 40% in the first half of 2015 compared with 2014, while capacity and transmission service charges rose.

The New York Public Service Commission staff has accepted seven proposed demonstration projects for the Reforming the Energy Vision initiative.