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MRC Defines UTCs; Adds Bid Limit and FTR Forfeiture Rule

Financial Marketers Decry “Back Room Deal” on Fees

Apr 30, 2013

Virtual Transactions / PJM Markets and Reliability Committee (MRC) / Operating Reserves / Financial Transmission Rights (FTR)

Up-to congestion transactions were in the spotlight Thursday as the Markets and Reliability Committee: Approved a definition of UTCs and a limit on trading of them; Approved rules for deciding when UTC traders will forfeit Financial Transmission Rights; and Heard first reading of proposed UTC credit requirements. The trading limits...

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