PJM has dropped a proposal to create a new real-time reserve market, bowing to stakeholder concerns over the cost and complexity.

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

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

PJM last week proposed eliminating some generators from the calculation of Tier 1 synchronized reserves.

PJM dropped a proposal to consider changes to the regulation market after receiving a cool reaction from stakeholders and the Market Monitor.

PJM officials last week defended their practice of creating interfaces to capture operator actions in response to voltage problems, saying they can’t guarantee the constraints will be modeled in FTR auctions.

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

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.