FERC remained dissatisfied with PJM’s and SPP’s FTR credit policies, while ending inquiries into those of CAISO, ISO-NE and NYISO.
Potential SPP Markets+ participants democratically endorsed the first pieces of the day-ahead market’s tariff, acquiring a taste of the grid operator’s stakeholder process at the same time.
The D.C. Circuit upheld FERC’s decision to OK PJM’s FTR forfeiture rule without ordering refunds under previous rules implemented without commission approval.
FERC granted PJM’s request to terminate the membership of Hill Energy Resource & Services following the company’s failure to pay invoices on time in 2022.
NYISO’s Management Committee approved tariff revisions and received briefings on the ISO’s winter supply outlook and its updated Strategic Plan.
Coaltrain Energy agreed to pay $4 million in disgorged profits to resolve a FERC investigation into accusations that the company engaged in market manipulation.
The principals of GreenHat Energy will pay PJM $1.4 million to settle claims over the company’s FTR market default, which cost members nearly $180 million.
The PJM MRC will vote on rules governing the inclusion of variable environmental charges in cost-based offers and four sets of capacity auction parameters.
PJM's real-time LMPs and congestion costs both spiked in the first half of 2022, driven by increasing fuel prices and loads, the IMM reported.
FERC wants more information to determine whether it should require a 99% confidence level in setting collateral for FTR traders or the 97% level PJM sought.
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