PJM Market Implementation Committee (MIC)
PJM’s concerns over FTR underfunding on projects with incremental auction revenue rights won’t be addressed through any Operating Agreement revisions.
After a one-month delay, the PJM Market Implementation Committee endorsed two packages to update the RTO’s opportunity cost calculator.
The MIC endorsed a PJM proposal to make Demand Response performance testing more realistic, resisting calls to stay close to the status quo.
PJM told their MIC that they anticipate submitting to FERC a settlement with its members on Oct. 9 over GreenHat Energy’s massive default.
PJM told the MIC it will not file waivers for upcoming capacity auction deadlines and will rely on FERC to issue an order on its MOPR.
Interim PJM CEO Susan J. Riley opened the Market Implementation Committee meeting with an optimistic message about moving the organization forward.
Consensus on fuel-cost policies may elude PJM stakeholders as the Market Implementation Committee prepares for a vote on three divergent plans.
PJM generators urged fellow stakeholders to support a unified opportunity cost calculator capable of wiping out the compliance risks of the current set-up.
PJM stakeholders were reminded that the clock will soon start ticking on the 90-day settlement period for working out how to unwind the GreenHat default.
PJM asked for feedback about how to reshape its gas pipeline contingency plan, three months after FERC turned it down for lacking specificity and clarity.
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