PJM’s concerns over FTR underfunding on projects with incremental auction revenue rights won’t be addressed through any Operating Agreement revisions.

FERC denied a rehearing request of PJM’s mark-to-auction provision, which gives PJM leverage to secure collateral for declining portfolios in its FTR market.

PJM’s conference to discuss its $12.5 million settlement with two FTR firms produced neither protest nor complaint from any of the many stakeholders.

PJM will pay two trading firms $12.5 million to end a dispute over the 890 million MWh GreenHat Energy default under a settlement agreement filed with FERC.

After a one-month delay, the PJM Market Implementation Committee endorsed two packages to update the RTO’s opportunity cost calculator.

PJM told their MIC that they anticipate submitting to FERC a settlement with its members on Oct. 9 over GreenHat Energy’s massive default.

Interim PJM CEO Susan J. Riley announced a shakeup of the RTO’s State and Member Services Division, the latest change in the wake of the GreenHat default.

MISO is proposing to increase collateral requirements in its FTR markets and give itself discretion to ban a participant from joining or re-entering.

FERC rejected an ALJ’s finding that PJM’s transmission study process is unjust and unreasonable for developers seeking to secure IARRs.

MISO and PJM said they will propose changes to how they determine flowgate rights in a white paper in November.