The PJM Markets and Reliability Committee discussed the work of the Financial Risk Mitigation Senior Task Force and approved several manual changes.

Shell Energy and Old Dominion Electric Cooperative failed to make their case that they belong at the GreenHat Energy settlement table, FERC ruled.

Interim PJM CEO Susan J. Riley urged the Markets and Reliability Committee to move forward on “badly needed” credit policy reforms.

PJM announced the selection of its first chief risk officer — the official who will oversee the RTO’s credit policies in the wake of the GreenHat default.

FERC ordered Vitol and a senior trader to show cause why they should not be fined for manipulating CAISO’s market to limit losses on the company’s CRRs,

Shell wants a seat at the GreenHat settlement table, saying it could bear a disproportionate financial burden based on its outcome.

A spike in natural gas prices drove up the cost of wholesale electricity in CAISO in Q1 2019, but changes to CRR Auctions appears to be working .

A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability and Members committees on June 27, 2019.

A battle over the future of the financial transmission rights market looms for PJM as stakeholders dig into the causes behind the GreenHat Energy default.

PJM stakeholders were reminded that the clock will soon start ticking on the 90-day settlement period for working out how to unwind the GreenHat default.