Stakeholders split last week over a PJM offer cap proposal that changes how the RTO captures the cost of deploying additional reserves during extreme weather.

PJM's payments to frequently mitigated units jumped significantly over the winter, lending urgency to efforts to reduce “adder” payments.

PJM rules are making it difficult for banks to purchase the capacity revenue from providers' streams, Citigroup Energy told the MRC last week.

Members agreed to consider an easier method for transmission owners to access real-time generator data, an effort intended to improve situational awareness and emergency response.

PJM withdrew a proposal to develop a generic transition mechanism to hold capacity providers harmless for future rule changes.

A summary of measures approved by the PJM Markets and Reliability and Members committees on April 24, 2014.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 04/24/14. 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.

State regulators and PJM transmission owners plan to meet to narrow their differences over rules for “multi-driver” transmission projects.

Stakeholders representing load may oppose efforts to change PJM’s $1,000 per MWh offer cap, despite a frigid winter in which high gas prices forced the RTO to obtain temporary waivers from the limit.

PJM is considering ways to simplify the sharing of real-time generator data to improve situational awareness and help transmission operators respond more quickly in emergencies.