November 2, 2024

ER18-2068

Report: ‘Naive’ PJM Underestimated GreenHat Risks
Naive staff and market flaws allowed a trading shop to amass the largest financial transmission right portfolio in PJM history without enough collateral.
PJM Won’t Act on FTR Order Before Stay Ruling
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.
PJM: FERC Order Could Boost GreenHat Default by $300M
The cost of GreenHat Energy’s default could rise by $250-$300 million if PJM is forced to unwind settlements of the financial transmission rights portfolio.
FERC Orders PJM to Unwind GreenHat Settlements
PJM must unwind five months of settlements for GreenHat Energy financial transmission rights that should have been liquidated sooner, FERC ruled.
PJM
PJM Reeling from Major FTR Default
PJM staff are still working on how to respond to GreenHat Energy’s default in the financial transmission rights market.
IMM: PJM 2018 Capacity Auction was ‘Not Competitive’
In his quarterly state of the market report, the PJM IMM said the results of the 2018 Base Residual Auction show the need to change its capacity offer cap.
PJM MRC/MC Briefs: July 26, 2018
PJM stakeholders at the MRC and MC unanimously endorsed proposed revisions for seasonal aggregation.

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