PJM told the Market Implementation Committee that the Board of Managers’ investigation of the GreenHat Energy FTR default will run through the new year.

CAISO’s congestion revenue rights market showed unusual surpluses this summer because of higher congestion rents on Path 26.

PJM's Board said it will conduct an "independent review" into GreenHat Energy’s massive default in the RTO’s financial transmission rights market.

A proposal to revise PJM’s credit requirements for financial transmission rights in response to the historic GreenHat Energy default will be delayed.

FERC approved a settlement that will grant a NextEra Energy subsidiary congestion revenue rights that CAISO denied the company in 2015.

CAISO is asking FERC for expedited review of a revised proposal to protect electricity ratepayers from funding shortfalls in its CRR market.

PJM members approved Operating Agreement revisions that would eliminate the requirement that the RTO liquidate a member’s FTRs when it falls into default.

NYISO experienced six days with peak loads of more than 31,000 MW this summer, compared with last summer’s actual peak of 29,677 MW.

PJM’s lax credit policy allowed Greenhat Energy, whose traders had a history of market manipulation, to run up as much as $140 million in FTR losses.

After earlier forecasts of a small year-end overage, MISO is now on track to be $1.2 million under its $265 million expected budget in December.