FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.

A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability and Members committees on Dec. 17, 2020.

PJM's Market Implementation Committee reviewed proposed manual language changes regarding financial transmission rights and UTC uplift.

PJM stakeholders endorsed the RTO’s package on updates to real-time value market rules that call for additional penalties for generation operators.

FERC ordered PJM to begin billing up-to-congestion transactions for uplift, calling the RTO’s current rules unjust and unreasonable.

PJM must provide FERC with a refreshed briefing on whether the RTO still wants to charge uplift on all virtual trades in light of recent market changes.

Stakeholders at last week’s MIC meeting endorsed a two-phase implementation of Manual 11 revisions to facilitate intra-day generation offers.

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.

Fighting a PJM proposal to impose uplift costs on UTC trades, the Financial Marketers Coalition enlisted one of the intellectual pioneers of electricity markets in its defense.

A summary of measures approved and issues discussed by the PJM Markets and Reliability Committee on May 26, 2016.