Coaltrain Energy agreed to pay $4 million in disgorged profits to resolve a FERC investigation into accusations that the company engaged in market manipulation.

PJM's Market Implementation Committee reviewed proposed manual language changes regarding financial transmission rights and UTC uplift.

PJM stakeholders endorsed the RTO’s package on updates to real-time value market rules that call for additional penalties for generation operators.

FERC ordered PJM to begin billing up-to-congestion transactions for uplift, calling the RTO’s current rules unjust and unreasonable.

PJM has responded to the Market Monitor’s annual State of the Market Report, highlighting five different areas of focus out of hundreds of recommendations.

PJM is moving forward with its plan to hire a consultant to conduct a review of the RTO’s auction revenue rights and financial transmission rights.

PJM must provide FERC with a refreshed briefing on whether the RTO still wants to charge uplift on all virtual trades in light of recent market changes.

FERC reversed its position again in a more than decadelong dispute over line-loss refunds, ordering PJM to surcharge load to recover overpayments.

PJM and its Monitor must turn over a trove of documents stemming from allegations of manipulation against now-defunct Coaltrain Energy.

FERC rejected requests for rehearing of its ruling reducing the number of bidding nodes for virtual transactions in PJM, and upheld its rejection of the RTO’s proposal to allocate uplift to UTCs.