The Pennsylvania State Senate approved a tax on virtual transactions, PJM CFO Suzanne Daugherty told the Markets and Reliability Committee.

PJM financial traders say they fear that Pennsylvania lawmakers may target them in efforts to close the state’s budget gap.

PJM financial traders say they fear that Pennsylvania lawmakers may tax virtual transactions in efforts to close the state’s budget gap.

Members strongly endorsed the third phase of PJM’s plan to address uplift, despite opposition from financial stakeholders.

A summary of the issues scheduled to be brought to a vote at the Markets and Reliability Committee and Members Committee on June 22, 2017.

The PJM MRC was largely unconvinced when financial traders wanted to defer a vote on a set of rule changes on virtual transactions.

The SPP Markets and Operations Policy Committee discussed the logistics of adding Mountain West Transmission Group and MMU recommendations.

The PJM Board of Managers responded to accusations leveled by up-to-congestion trader XO Energy, defending the grid operator’s practices.

UTC Trader XO Energy accused PJM of unfairly discounting the interests of up-to-congestion traders in recent uplift rule changes.

FERC rejected the PJM proposal for revising how it implements its FTR forfeiture rule, ordering the RTO to instead adopt an approach suggested by the IMM.