The PJM Markets and Reliability Committee discussed soak time modeling, primary frequency response, and the RTO's work to update its credit rules.

The ISO/RTO Council asked FERC to reject financial traders’ request to update RTO credit policies, saying it would upset stakeholder proceedings.

PJM sent members directions on how to file claims against the $5 million fund established in the GreenHat settlement after FERC accepted the agreement.

PJM will spend the forthcoming year dealing with the fallout of FERC’s capacity market ruling and adjusting to a new CEO and CFO.

The PJM MRC endorsed the first round of credit policy revisions to come out of a task force formed in the wake of GreenHat Energy’s default.

PJM Board of Managers Chairman Ake Almgren recognized interim CEO Susan Riley for her efforts to lead the RTO during a “challenging” season.

PJM staff and stakeholders kicked off the Markets and Reliability Committee meeting with an homage to Denise Foster on her last day with the organization.

Shell Energy asked the D.C. Circuit to review two FERC rulings in the GreenHat default case it denied the company a role in settlement negotiations.

PJM’s concerns over FTR underfunding on projects with incremental auction revenue rights won’t be addressed through any Operating Agreement revisions.

FERC denied a rehearing request of PJM’s mark-to-auction provision, which gives PJM leverage to secure collateral for declining portfolios in its FTR market.