The principals of GreenHat Energy will pay PJM $1.4 million to settle claims over the company’s FTR market default, which cost members nearly $180 million.

FERC rejected GreenHat Energy's arguments in a rehearing request on its contract dispute with Shell Energy.

GreenHat Energy has filed a motion to bar FERC’s Office of Enforcement from working on a breach-of-contract case involving Shell Energy.

Shell Energy asked the D.C. Circuit to review two FERC rulings in the GreenHat default case it denied the company a role in settlement negotiations.

Shell Energy and Old Dominion Electric Cooperative failed to make their case that they belong at the GreenHat Energy settlement table, FERC ruled.

Shell wants a seat at the GreenHat settlement table, saying it could bear a disproportionate financial burden based on its outcome.

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

The FERC decision dealt with companies implicated in manipulating prices during the initial "Summer Period" of the Western Energy Crisis.

FERC said evidence of price reporting deficiencies by power sellers during the Western Energy Crisis cannot constitute the sole basis for a finding of market manipulation.

FERC's proposed rule would require RTOs and ISOs to register market participants through common alpha-numeric identifiers.