PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.

FERC approved SPP’s proposed Tariff revisions to incorporate Tri-State Generation as a new transmission owner in an existing pricing zone.

January’s cold weather resulted in a sharp increase in natural gas and power prices in the first quarter, PJM’s Independent Market Monitor reported.

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.

CAISO is advancing into the second phase of reforms to its congestion revenue rights (CRR) auction, focusing on implementing a structure that provides only a partial congestion hedge rather than a full one.

The CAISO Board of Governors approved a controversial proposal on congestion revenue rights and market power mitigation.

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

CAISO’s fourth quarter was beset by 15-minute market energy shortages and a significant shortfall in CRR auction revenues, the ISO’s Market Monitor said.

CAISO is moving ahead with major modifications to its congestion revenue rights (CRR) auction even as some stakeholders urge a deeper look.