Shell Energy came to the Market Implementation Committee to make its case against PJM recovering charges from FTRs it purchased from failed GreenHat Energy.

The PJM Market Implementation Committee will discuss indemnification for financial transmission rights bilateral contracts at its Jan. 9 meeting.

After a year under new fuel-cost policy rules, PJM stakeholders discussed some potential tweaks at a special session of the Market Implementation Committee.

PJM told the Market Implementation Committee that the Board of Managers’ investigation of the GreenHat Energy FTR default will run through the new year.

A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.

PJM and some stakeholders are at odds over whether access to the transmission grid is a right generators purchase through interconnection upgrades.

PJM staff have incorporated stakeholder input into their recommendations resulting from the quadrennial review of the VRR demand curve.

PJM staff are still working on how to respond to GreenHat Energy’s default in the financial transmission rights market.

The Market Implementation Committee overwhelmingly endorsed PJM’s proposal for revising how it calculates the balancing ratio.

Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.