At a meeting of the Western Power Trading Forum, PJM CEO Andy Ott sat down with RTO Insider to discuss the new Peak Reliability/PJM Connext market proposal.
Peak Reliability and PJM officials promoted the independent and self-governing nature of their proposed Western energy market.
A key California lawmaker is seeking comment this week on a revived effort to regionalize CAISO and create a multistate Western RTO.
The CAISO Board of Governors enacted new governance policies and named Governor David Olsen as chairman.
FERC approved a package of modifications developed by CAISO for the EIM, and issued several other decisions related to Western states and energy markets.
Some energy resource developers in California say CAISO needs to change its interconnection rules to prevent financially unviable projects from lingering in the queue and affecting more sound projects.
The SPP board approved a Tariff revision that incorporates a refund obligation for the RTO's nonpublic transmission-owning utility members.
Peak Reliability and PJM Connext have refined their pitch to attract participants to a new Western energy market, saying they envision “a marketplace built by and for the West.”
CAISO operating revenues jumped 4.4% to $214 million last year on the back of increased Energy Imbalance Market earnings and an uptick in summer activity.
FERC’s enforcement policy is unlikely to shift significantly despite the arrival of four new commissioners, a panel of present and former FERC staffers said. But some think the commission should provide more clarity in defining violations.