FERC accepted PJM’s new FTR forfeiture rule without ordering refunds of bills under the previous regime the RTO implemented without commission approval.

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

PJM stakeholders endorsed expanding the use of synchrophasors and making them a requirement for certain projects under the RTEP.

The MIC will choose between a PJM proposal and one from the Monitor to resolve pricing and dispatch misalignment issues in the fast-start pricing plan.

XO Energy has filed a new challenge to the way PJM and its Independent Market Monitor prevent gaming in the FTR market.