In a settlement approved by FERC's Office of Enforcement, GDF SUEZ will will pay almost $82 million to PJM to settle market manipulation charges.
PJM stakeholders agreed to update pseudo-tie rules, move quickly on efforts to reduce uplift and create a new Security & Resiliency Committee.
A coalition of PJM stakeholders narrowly won approval to review the capacity market (RPM) construct, with a focus on state public policy issues.
A preview of the issues scheduled for a vote at the MRC and MC meetings.
FERC ordered AEP and FirstEnergy to refund more than $6 million they recovered from ratepayers for the canceled PATH project in PJM.
FERC rejected the PJM proposal for revising how it implements its FTR forfeiture rule, ordering the RTO to instead adopt an approach suggested by the IMM.
The PJM Market Implementation Committee endorsed two proposed Manual 11 revisions related to shortage pricing, both of which were developed in response to FERC Order 825.
PJM plans to recommend at least two finalists when it presents its re-evaluation of the Artificial Island project to the Board of Managers in April.
PJM staff outlined a proposal to lengthen the RTO’s RTEP cycle for reliability projects from 12 months to 18 months.
FERC approved a designated entity agreement for Transource Energy to construct the AP South Congestion Improvement Project, subject to the outcome of a formula rate case.