Members agreed last week to consider changing credit requirements for virtual transactions in January and February 2015 despite opposition from PJM.

At FERC's uplift hearing, PJM was a target for criticism from market participants smarting over the $600 million uplift bill from January’s polar vortex.

The PJM MIC approved several changes recommended by subcommittees regarding data submission deadlines and credit requirements.

The Powhatan Energy Fund, the subject of a FERC investigation for more than three years without being charged, has decided to go on offense by releasing documents it says proves it has been unfairly hounded.

A guide to the players in the Powhatan Energy Fund market manipulation investigation.

A brief primer on virtual trading: INCs, DECs and UTCs.

FERC ordered PJM and financial traders to submit briefs in a long-running dispute over excess line-loss revenues.

Financial marketers are pleased with PJM’s proposal to change the way uplift charges are assessed on virtual trades but aren’t convinced by a PJM analysis that the RTO says justifies extending the charges to up-to congestion trades (UTCs).

PJM wants to change the way virtual trades pay for uplift, replacing the current unpredictable charges with a flat per megawatt fee and assessing them for the first time on up-to congestion trades (UTCs).

Members agreed last week to move forward with an initiative that could result in reduced restrictions on Up-to Congestion transactions.