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.

PJM staff outlined their proposal for registering aggregations of seasonal Demand Response (DR) resources that can’t comply with the year-round requirements of Capacity Performance.

PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.

PJM told Market Implementation Committee meeting attendees that it plans to salvage some of its proposal to revise its regulation market that FERC rejected.

PJM stakeholders at last week’s Market Implementation Committee meeting approved two problem statements and issue charges presented by Exelon.