Financial Transmission Rights (FTR)
PJM stakeholders endorsed tariff revisions implementing rules related to initial margining
for FTR obligations.
PJM stakeholders endorsed manual revisions implementing fast-start pricing even after some members questioned one of the changes.
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.
FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.
FERC rejected GreenHat Energy's arguments in a rehearing request on its contract dispute with Shell Energy.
Last week's outages in ERCOT were on the minds of many witnesses at FERC’s technical conference on RTO/ISO credit practices.
PJM's Market Implementation Committee reviewed proposed manual language changes regarding financial transmission rights and UTC uplift.
The NYISO Business Issues Committee approved rule changes regarding transmission congestion contracts and hybrid storage facilities.
FERC will hold a technical conference on credit risk best practices to prevent a repeat of PJM’s GreenHat Energy default.
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