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Stakeholders Back PJM on FTR Forfeiture Rules

Monitor Alternative Fails

Mar 12, 2013

PJM Market Implementation Committee (MIC) / PJM Markets and Reliability Committee (MRC) / Financial Transmission Rights (FTR)

The Market Implementation Committee voted overwhelmingly March 6 to endorse PJM’s proposals for applying forfeiture rules to virtual transactions, rejecting the Market Monitor’s alternatives. The PJM proposals create criteria for applying the existing forfeiture rule for increment offers and decrement bids and extends application of the rule to Up to...

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