FERC rejected requests for rehearing of its ruling reducing the number of bidding nodes for virtual transactions in PJM, and upheld its rejection of the RTO’s proposal to allocate uplift to UTCs.

FERC approved the PJM proposal to reduce by almost 90% the number of bidding locations for virtual transactions.

FERC rejected a key part of PJM’s controversial proposal to reallocate uplift costs, saying it had failed to justify its plan to begin charging UTC transactions.