ODEC introduced a last-ditch effort to reach consensus on a redesign of the financial transmission rights and auction revenue rights processes.

PJM on Thursday delayed a vote on manual changes for the Capacity Performance plan, sidestepping a potential confrontation with anxious stakeholders.

FERC rejected requests by two PJM generators seeking the recovery of “stranded” natural gas costs incurred during the polar vortex last year.

PJM says critics of its requests to safeguard capacity for the 2015/16 delivery year ignored the context of its filings with FERC.

PJM stakeholders deadlocked for the third time Thursday on changes to the $1,000/MWh energy offer cap, leaving it to the Board of Managers to decide whether to seek FERC approval of any changes.

The D.C. Circuit Court of Appeals signaled that it may take another look at the court’s order voiding FERC Order 745.

Exelon made no secret last week that five of its nuclear units failed to clear the capacity auction. Other generators — representing almost two-thirds of the generation capacity that failed to clear — were less forthcoming.

ODEC and NCEMC customers living outside Virginia will not be forced to help pay for three of the state's transmission projects, FERC ruled.

Stakeholders backed PJM’s proposal to eliminate speculation in capacity auctions, selecting it over four alternatives in a vote announced yesterday.

PJM may seek FERC approval for a plan to change the way demand response clears in capacity auctions despite stakeholders’ rejection of the plan.