PJM will move forward with its August capacity auction under current market rules, unless FERC says otherwise, CEO Andy Ott told stakeholders.

Stakeholders are urging PJM’s Board of Managers to reschedule the upcoming capacity auction given the growing pile of FERC rulings not yet decided.

American Municipal Power said that PJM’s rush to file its energy price formation proposal with FERC leaves the door open for design flaws.

Naive staff and market flaws allowed a trading shop to amass the largest financial transmission right portfolio in PJM history without enough collateral.

Transmission owners told PJM its rules for supplemental projects satisfy the RTO’s obligation as a regional planner, despite protests.

The PJM Board of Managers agreed to submit staff’s revised energy price formation proposal for FERC approval, CEO Andy Ott said.

Top utility executives urged PJM’s Board of Managers to act on price formation at its Feb. 12 meeting after stakeholders deadlocked on the issue last week.

PJM’s Board of Managers signaled it is done waiting for stakeholders to make progress on a nearly yearlong initiative to improve energy price formation.

PJM members will have two new avenues for feedback on the RTO’s Independent Market Monitor starting in January, the Board of Managers announced.

PJM's Board said it will conduct an "independent review" into GreenHat Energy’s massive default in the RTO’s financial transmission rights market.