FERC approved the PJM proposal to reduce by almost 90% the number of bidding locations for virtual transactions.

Stakeholders at the Markets and Reliability Committee meeting declined to endorse any proposals to revise PJM’s capacity model.

FERC rejected a key part of PJM’s controversial proposal to reallocate uplift costs, saying it had failed to justify its plan to begin charging UTC transactions.

The Market Monitors for CAISO and PJM told a House subcommittee that their respective financial transmission rights markets are significantly flawed.

CAISO’s internal Market Monitor provided more details about the extreme day-ahead price spikes occurring over a three-day period in June.

K. Stephen Tsingas and his City Power Marketing agreed to a $11.7 million settlement with FERC's Office of Enforcement over market manipulation allegations.

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.