FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.

FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.

PJM’s Monitor sounded alarms about market power in the energy and capacity markets and said it may intervene in the RTO’s next capacity auction.

Last week's outages in ERCOT were on the minds of many witnesses at FERC’s technical conference on RTO/ISO credit practices.

SPP’s average hourly load was off 7% last fall from the previous two years, the RTO’s MMU said in its latest quarterly State of the Market report.

Stakeholders in SPP’s Western Imbalance Service market unanimously approved its Feb. 1 launch, the last major milestone in a project that began in 2019.

PJM stakeholders endorsed the RTO’s package on updates to real-time value market rules that call for additional penalties for generation operators.

A report on the causes of California’s August blackouts contends that constrained transmission prevented much needed imports from reaching the state.

Observers cited dependence on imports, underperformance of natural gas and wind, and market manipulation as possible causes of California’s recent blackouts.

CAISO said millions of residents could be blacked out this week because it does not have enough power to meet demand during the heat wave.