PJM named its new chief risk officer, replacing Nigeria Bloczynski, who resigned unexpectedly in April after a dispute over FTR collateral provisions.

PJM members approved Operating Agreement revisions that would eliminate the requirement that the RTO liquidate a member’s FTRs when it falls into default.

PJM stakeholders are finding that the elimination of the Con Ed-PSEG "wheel" is not freeing up transmission capacity as expected.