Virtual Transactions
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.
FERC proposed allowing RTOs to share credit information about market participants, fulfilling a request the grid operators made at a 2021 technical conference.
Stakeholders urged PJM to hold its ground on collateral requirements for FTR traders, saying it should offer more support for a proposal that FERC rejected.
Powhatan Energy Fund is filing for Chapter 7 bankruptcy, effectively ending more than a decade of litigation.
Stakeholders at last week’s MIC meeting heard PJM's plan to deal with the adoption of an undefined regulation mileage ratio proposal.
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