The PJM Markets and Reliability Committee and Members Committee discussed the RTO's recent pseudo-tie filing, capacity replacement and fuel-cost policies.

FERC approved NYISO's proposed locality exchange factor for its capacity market. NYISO's plan protects consumers from rising capacity prices.

The PJM Market Implementation Committee endorsed two proposed Manual 11 revisions related to shortage pricing, both of which were developed in response to FERC Order 825.

PJM’s Independent Market Monitor urged FERC to address longstanding concerns over demand response providers and others selling “paper capacity.”