PJM
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PJM Interconnection LLC is a regional transmission organization that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.
FERC accepted PJM’s compliance filing on its rules for fast-start resources, allowing tariff changes to take effect by July.
FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.
FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.
PJM ratepayers will likely see capacity prices drop as a result of Dominion’s decision to exit the market, according to a report by the RTO’s Monitor.
Duke Energy rejected hedge fund Elliott Management’s proposal to break up the company into three regionally focused, publicly traded utilities.
Transmission will be key to unlocking benefits for consumers, FERC Chair Richard Glick said at the first session of PJM’s interconnection policy workshop.
PJM closely monitored the situation surrounding the shutdown and cyberattack of the Colonial Pipeline last week, officials said.
PJM stakeholders endorsed a proposal to address regulation for virtual combined cycle units, but some were concerned that the work will be too complex.
Stakeholders endorsed PJM’s proposal for changes to the pro forma interconnection construction service agreement.
EBA marked its 75th anniversary at its virtual annual meeting, which included sessions on capacity markets and remarks by FERC Chair Richard Glick.
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