FERC determined that GreenHat Energy and its owners violated the Federal Power Act by “engaging in a manipulative scheme” in PJM’s FTR market.

A joint PJM-stakeholder proposal to address the RTO’s auction revenue rights and financial transmission rights won endorsement at the MRC meeting.

The estate of GreenHat owner Andrew Kittell moved that FERC drop its enforcement action and investigate two of its employees for improper communication.

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.

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.

FERC will hold a technical conference on credit risk best practices to prevent a repeat of PJM’s GreenHat Energy default.

PJM stakeholders unanimously endorsed revisions related to deadline changes for adjustments associated with finalizing the zonal network service peak load values.