MISO has agreed to withdraw a unilateral proposal to amend the MISO-PJM joint operating agreement (JOA) after PJM officials expressed concern that it was overly broad.

Generation owners last week helped kill a joint proposal from PJM and the IMM to reduce payments to frequently mitigated units (FMUs).

Members narrowed the scope of a task force created to improve funding of FTR, agreeing to eliminate consideration of balancing congestion.

Our summary of issues discussed and voted on at the PJM MRC and MC on Thursday, 6/26/14 with no surprises or lengthy debate.

PJM will attempt to win approval for limited changes to the compensation rules for black start units and a plan for selecting “backstop” resources for regions that fail to secure service through competitive solicitations.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 06/26/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

Stakeholders approved a revised Zonal Base Load definition to ensure that zones don’t lose Auction Revenue Rights due to extreme weather.

The Market Monitor said members should reject proposals to change the way capacity supply curves are represented, saying they would expose confidential data.

A joint proposal from PJM and the Independent Market Monitor to reduce payments to frequently mitigated units (FMUs) rose from the ashes to best three generator-backed proposals last week.

Members last week agreed to create a senior task force to fix the underfunding of Financial Transmission Rights (FTRs) following a debate over the role of Auction Revenue Rights.