The D.C. Circuit upheld FERC’s decision to OK PJM’s FTR forfeiture rule without ordering refunds under previous rules implemented without commission approval.

FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.

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.

XO Energy has filed a new challenge to the way PJM and its Independent Market Monitor prevent gaming in the FTR market.

PJM financial traders say they fear that Pennsylvania lawmakers may target them in efforts to close the state’s budget gap.

PJM financial traders say they fear that Pennsylvania lawmakers may tax virtual transactions in efforts to close the state’s budget gap.

The PJM Board of Managers responded to accusations leveled by up-to-congestion trader XO Energy, defending the grid operator’s practices.

UTC Trader XO Energy accused PJM of unfairly discounting the interests of up-to-congestion traders in recent uplift rule changes.