PJM stakeholders approved a charter for a task force that will recommend market rule changes in the wake of the 890 million-MWh GreenHat Energy default.

PJM proposed an alternative stakeholder process to implement market rule changes recommended in a special report on the RTO’s role in the GreenHat default.

NYISO reported that it confronted minimal operating challenges this past winter as New York enjoyed relatively mild weather for most of the season.

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

FERC approved Tariff revisions intended to relieve costs for MISO resources pseudo-tying into PJM despite criticism that they didn't go far enough.

The PJM Market Implementation Committee heard a first read on a proposed change to the calculations for financial transmission rights forfeitures.

The growing fallout stemming from GreenHat Energy’s record default in PJM’s financial transmission rights market prompted MISO officials to reassure members that a similar situation is unlikely to unfold in MISO.

PJM Chief Financial Officer Suzanne Daugherty will retire April 1 after working at the RTO for 20 years.

PJM won’t act on FERC’s order to rerun its July 2018 financial transmission rights auction unless the commission denies the RTO’s planned motion for a stay.

SPP continued its effort to modernize its cost-recovery processes last week, agreeing to replace its broad single rate schedule with four targeted ones.