PJM members gave initial approval to a manual change that will make it easier for banks to purchase capacity providers’ revenue streams.

PJM members approved yet another initiative to address reliability concerns over gas-fired generators, agreeing to consider changes to the way such units submit energy and capacity market offers.

PJM officials said they have acquired sufficient new black start capacity to replace coal-fired units that will retire over the next year due to environmental rules.

PJM objected last week to a transmission developer’s efforts to reduce credit requirements on Qualifying Transmission Upgrades (QTUs), saying the RTO lacks authority to compel construction of the projects.

The Demand Response Subcommittee will seek ways to improve measurement and verification of emergency demand response under an issue charge approved last week by the Market Implementation Committee.

Load representatives concerned by reports of generators’ bidding strategies in May’s PJM capacity auction reacted by threatening to block an initiative by Exelon Corp. to provide more informative supply curves.

PJM members endorsed the removal of a requirement that interchange transactions last at least 45 minutes to comply with a FERC mandate.

The Market Monitor said members should reject proposals to change the way capacity supply curves are represented, saying they would expose confidential data.

Stakeholders approved a rule change to the PJM zonal base load definition so that zones don’t lose Auction Revenue Rights due to anomalies caused by storms or other extraordinary events.

Stakeholders approved two initiatives to improve demand response measurement and verification.