GreenHat FTR Default a ‘Pig’s Ear’ for PJM Members

By Rory D. Sweeney VALLEY FORGE, Pa. — PJM members are grappling with a gambler’s dilemma in one of their markets: accept a heavy loss or keep rolling the dice and hope to get lucky. The difference could cost millions of dollars. In responding to GreenHat Energy’s potentially record-setting default...