A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.

PJM stakeholders at last week’s Market Implementation Committee meeting approved two problem statements and issue charges presented by Exelon.

FERC rejected SPP’s request to remove its day-ahead must-offer requirement, saying the RTO had not provided “sufficient support” for the Tariff revisions.

FERC rejected the CAISO effort to refund $217 million that the ISO said were overcharged for payments to generators operating under must-offer obligations.

FERC last week eliminated the must-offer obligation in effect throughout WECC since the tail-end of the California energy crisis of 2000-2001.