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December 5, 2025

Virtual Transactions

FERC: Spy Software Provides Evidence of UTC Scam
FERC issued a show cause order demanding more than $42 million from Coaltrain Energy.
PJM Market Implementation Committee Briefs
VALLEY FORGE, Pa. — PJM will use the default economic capacity base load (CBL) to measure the non-summer response of Capacity Performance demand response und...
FERC: PJM Entitled to Recoup Line-Loss Credits
PJM told FERC that it has already recovered $9 million of the approximately $37 million the RTO paid out to virtual traders through its marginal loss surplus allocation.
PJM Suggests Changes to Virtual Transactions
PJM recommended three market rule changes regarding virtual trading in a report requested by stakeholders.
SPP Fundamentals Largely Unchanged
SPP will soon file a full report on the Integrated Marketplace’s first year of performance, but its most recent quarterly State of the Market report indicates the market expansion hasn’t affected the fundamental dynamics in the region.
FERC Orders $15 Million Penalty in PJM Market Manipulation Case
FERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades in PJM to cash in on line-loss rebates.
Monitor at Odds with PJM, Marketer over FTR Forfeiture Rule
PJM's Market Monitor told FERC that proposals by the RTO and a marketer to change the FTR forfeiture rule would weaken protections against market manipulation.
PJM Markets and Reliability Committee Briefs
A summary of the issues discussed and measures approved by the PJM Markets and Reliability Committee on May 28, 2015.
PJM Ponders Changes to Virtual Trades, DA Market
PJM and the Monitor are considering the changes to reduce uplift and gaming opportunities and allow quicker solving of the day-ahead energy market.
PJM Markets and Reliability Committee Preview
Our summary of the issues scheduled for votes at the PJM MRC on 05/28/15. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

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