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July 19, 2024
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FERC OKs GreenHat Settlements
Principals to Pay PJM $1.4M, a Fraction of RTO Members’ $180M Loss
<p>GreenHat listed its address as 826 Orange Ave., Suite 565, Coronado, Calif. — a UPS store between a nail salon and a RiteAid.</p>

GreenHat listed its address as 826 Orange Ave., Suite 565, Coronado, Calif. — a UPS store between a nail salon and a RiteAid.

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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 & FederalFinancial Transmission Rights (FTR)PJMPublic PolicyVirtual Transactions