Virtual Transactions
FERC wants more information to determine whether it should require a 99% confidence level in setting collateral for FTR traders or the 97% level PJM sought.
FERC proposed allowing RTOs to share credit information about market participants, fulfilling a request the grid operators made at a 2021 technical conference.
Stakeholders urged PJM to hold its ground on collateral requirements for FTR traders, saying it should offer more support for a proposal that FERC rejected.
Powhatan Energy Fund is filing for Chapter 7 bankruptcy, effectively ending more than a decade of litigation.
Stakeholders at last week’s MIC meeting heard PJM's plan to deal with the adoption of an undefined regulation mileage ratio proposal.
FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.
FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.
PJM’s Monitor sounded alarms about market power in the energy and capacity markets and said it may intervene in the RTO’s next capacity auction.
Last week's outages in ERCOT were on the minds of many witnesses at FERC’s technical conference on RTO/ISO credit practices.
SPP’s average hourly load was off 7% last fall from the previous two years, the RTO’s MMU said in its latest quarterly State of the Market report.
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