financial transmission rights (FTRs)
PJM presented its Markets and Reliability Committee with a first read on a proposal to increase the minimum capitalization requirements to participate in its markets.
FERC terminated a show-cause proceeding against SPP and accepted the RTO’s proposal to revise its collateral requirements for financial transmission rights by including an additional re-marking mechanism for seasonal products.
CAISO has launched an initiative to improve its congestion revenue rights market by addressing issues such as revenue inadequacy and auction efficiency.
PJM has decided not to refile several components of its proposed capacity market redesign that was rejected by FERC in February.
MISO’s Independent Market Monitor debuted six new market recommendations this year as part of his annual State of the Market report.
FERC remained dissatisfied with PJM’s and SPP’s FTR credit policies, while ending inquiries into those of CAISO, ISO-NE and NYISO.
The D.C. Circuit upheld FERC’s decision to OK PJM’s FTR forfeiture rule without ordering refunds under previous rules implemented without commission approval.
MISO’s Independent Market Monitor reported that the RTO’s financial transmission rights market came up short by more than $60 million this spring.
FERC granted PJM’s request to terminate the membership of Hill Energy Resource & Services following the company’s failure to pay invoices on time in 2022.
A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings Thursday.
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