The Market Monitors for CAISO and PJM told a House subcommittee that their respective financial transmission rights markets are significantly flawed.

PJM presented the Planning Committee with issues it sees with its current process for evaluating market efficiency projects.

PJM’s markets were competitive in the first nine months of the year, the Independent Market Monitor found in its quarterly State of the Market Report.

FERC again ordered SPP to rewrite its rules on auction revenue rights (ARRs) and long-term congestion rights (LTCRs).

PJM’s plan for addressing uplift remains on schedule, and the final two phases of its three-phase solution will be filed by the end of this week.

The ERCOT Technical Advisory Committee unanimously approved compromise language eliminating the reduction of congestion revenue rights.

With Hurricane Harvey approaching, ERCOT’s Technical Advisory Committee focused on three tabled revision requests before scattering to their homes and work.

CAISO dropped a proposal that would have allowed third-party transmission providers to participate in the EIM after getting negative feedback on the plan.

ERCOT stakeholders tabled a proposal to eliminate the reduction of CRRs payments after the measure failed to pass the Technical Advisory Committee.

The SPP Z2 Task Force will likely be a relic of the past, but the issues with credits and obligations for sponsored transmission upgrades aren’t going away.