PJM stakeholders agreed to update pseudo-tie rules, move quickly on efforts to reduce uplift and create a new Security & Resiliency Committee.

FERC rejected the PJM proposal for revising how it implements its FTR forfeiture rule, ordering the RTO to instead adopt an approach suggested by the IMM.

Fighting a PJM proposal to impose uplift costs on UTC trades, the Financial Marketers Coalition enlisted one of the intellectual pioneers of electricity markets in its defense.

PJM recommended three market rule changes regarding virtual trading in a report requested by stakeholders.

FERC has charged Coaltrain Energy, a Pennsylvania-based power trading company with manipulating the PJM wholesale market.

FERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades in PJM to cash in on line-loss rebates.

PJM's Market Monitor told FERC that proposals by the RTO and a marketer to change the FTR forfeiture rule would weaken protections against market manipulation.

Rich and Kevin Gates say they will force FERC to collect $34.5 million in federal court, where a statute of limitations defense could reduce the penalties.

A summary of the issues discussed and measures approved by the PJM Markets and Reliability Committee on May 28, 2015.

PJM Market Monitor Joe Bowring had a lively debate with one of the consultants for Powhatan Energy over the “duty” of market participants to self-police against market manipulation.