When FirstEnergy announced that it had reached a settlement with PUCO staff to secure guaranteed rates for several of its merchant plants, the company found itself under attack by many of its former allies.

The authors of four competing proposals to change the $1,000/MWh energy market offer cap have agreed to put forward one plan for consideration by the PJM MRC.

One issue raised at last week’s PJM Market Summit concerned the 8% after-tax weighted average cost of capital (ATWACC) the PJM Board of Managers submitted.

FERC was within its rights to approve PJM’s controversial capacity market MOPR rule changes in 2011, a federal appeals court ruled.

PJM members may consider changing the rules of the PJM capacity market to eliminate arbitrage opportunities between the Base Residual and Incremental auction...