PJM completed its delivery of a sprawling presentation outlining its envisioned overhaul of the capacity market, followed by stakeholder presentations from Calpine, Daymark Energy Advisors and the East Kentucky Power Cooperative.

PJM's Planning Committee discussed the recommended load model to be used in the 2023 Reserve Requirement Study (RSS), while the TEAC gave an update on the ongoing third window of its 2022 RTEP and the opening of the 2023 RTEP later this month.

PJM's Market Implementation Committee discussed potential changes to reactive power compensation and the progress of developing new market clearing engine software.

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.

The D.C. Circuit Court of Appeals remanded FERC’s approval of the Southeast Energy Exchange Market back to the commission for additional proceedings.

The competition for organized markets in the West grew Friday as the Bonneville Power Administration launched a process to choose between day-ahead markets proposed by CAISO and SPP and regulators from five Western states urged the establishment of a new, independent RTO covering the entire West.

MISO IMM David Patton appeared before the Market Subcommittee to again criticize the future resource mix assumptions MISO is using to craft a second long-range transmission plan.

MISO is holding to its plan to enact a widescale marginal capacity accreditation while swapping risky hours for peak load to calculate its reserve margin requirements.

In the wake of MISO’s first seasonal capacity auction, members have asked the RTO to improve its generator outage rules, preliminary data sharing and the registry tool used to track capacity.

MISO’s Independent Market Monitor reported that the RTO’s financial transmission rights market came up short by more than $60 million this spring.