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July 05, 2022

MIC OKs UTC Credit Requirement

May 13, 2013
Rich Heidorn Jr.
Virtual Transactions / PJM Market Implementation Committee (MIC)
The Market Implementation Committee endorsed a first-ever credit requirement for up-to-congestion transactions. The new rule, a consensus resulting from 12 Credit Subcommittee meetings since December 2011, will be brought before the Markets and Reliability Committee May 30. Reason for Change: UTC trading volumes have grown dramatically since 2010 but there are...

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