PJM MIC members last week unanimously endorsed a revised proposal from the RTO and its Independent Market Monitor to address start-up cost offer development.

FERC ruled that PJM is within its rights to refuse lost opportunity cost payments to generators that must rein in output to avoid damage to themselves.

PJM announced the promotion of several executives, and stakeholders debated rules for approving resolutions at the Members Committee.

PJM stakeholders at the MRC rejected two proposals aimed at addressing a dispute over black start units' capital recovery factor.

PJM's Markets and Reliability and Members Committees met to discuss market rules, tariff revisions and elect several new members.

PJM's Market Implementation Committee reviewed proposed manual language changes regarding financial transmission rights and UTC uplift.

PJM stakeholders unanimously endorsed the development of business rules to address a market suspension from an emergency or some other incident.

The MIC will choose between a PJM proposal and one from the Monitor to resolve pricing and dispatch misalignment issues in the fast-start pricing plan.

The Market Implementation Committee held discussions on credit requirements and stability-limited generators, and received updates on the ARR/FTR Market Task Force and the nGEM project.