Stakeholders on Thursday overwhelmingly approved an overhaul of PJM’s rules for managing the credit risks of market participants.

PJM stakeholders appear to favor the RTO’s efforts to improve its risk evaluations of market participants, but some of its new procedures face challenges.

Traders behind a request to update decade-old RTO credit policies fired back against claims that its filing proposes a “one-size-fits-all solution."

The ISO/RTO Council asked FERC to reject financial traders’ request to update RTO credit policies, saying it would upset stakeholder proceedings.