Shell Energy came to the Market Implementation Committee to make its case against PJM recovering charges from FTRs it purchased from failed GreenHat Energy.

In many ways, PJM's 2018 was much like years before, with capacity and energy market rules under constant redesign. Some stakeholders have grown weary of the churn.

The PJM Board of Managers asked stakeholders for patience with the board’s ongoing investigation into the default of GreenHat Energy’s FTR portfolio.

The PJM Market Implementation Committee will discuss indemnification for financial transmission rights bilateral contracts at its Jan. 9 meeting.

Stakeholders endorsed revisions that would align PJM’s price-responsive demand rules with the Capacity Performance construct.

FERC approved some of the flexibility PJM has sought to address after the historic GreenHat Energy financial transmission rights portfolio default.

Public Citizen is urging the Commodity Futures Trading Commission to start overseeing PJM’s embattled financial transmission rights market.

PJM told the Market Implementation Committee that the Board of Managers’ investigation of the GreenHat Energy FTR default will run through the new year.

Columnist Steve Huntoon recounts the story of GreenHat Energy's default in PJM's financial transmission rights market.

PJM's Board said it will conduct an "independent review" into GreenHat Energy’s massive default in the RTO’s financial transmission rights market.