PJM and its Monitor shared with stakeholders their proposals for responding to FERC’s directive that state default service auctions be subject to the MOPR.

PSEG CEO Ralph Izzo said it would be “logical” for New Jersey to abandon the PJM capacity market by adopting the fixed resource requirement option.

PJM shared its initial response to FERC’s April 16 rehearing orders on the MOPR, which required the RTO to make an additional compliance filing by June 1.

PJM’s Monitor defended a conclusion that ratepayers are likely to see cost increases in jurisdictions that exit the capacity market and adopt the FRR option.

PJM CEO Manu Asthana spoke about his personal background, career and leadership philosophy during a Raab Associates webinar.

FERC granted Goldman Sachs Renewable Power Marketing authority to make market-based sales but said it would consider it an affiliate of The Goldman Sachs Group investment bank despite its objections.

ISO-NE energy demand has fallen 3 to 5% since stay-at-home orders began being implemented across New England, the NEPOOL Reliability Committee heard.

The battle over FERC’s order expanding PJM’s minimum offer price rule moved to federal court as environmental groups, cooperatives and regulators filed petitions.

The Market Implementation Committee held discussions on credit requirements and stability-limited generators, and received updates on the ARR/FTR Market Task Force and the nGEM project.

NYISO’s Management Committee saw graphic evidence of how the COVID-19 pandemic response is impacting power demand in New York.