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December 6, 2025

Financial Transmission Rights (FTR)

CAISO: Analysis Needed Before Reforms on CRR Auctions
A CAISO official told stakeholders that reforms to the congestion revenue rights auctions will come only after painstaking analysis.
ERCOT TAC OKs Changes to CRR Calendar, Communications Rules
ERCOT’s Technical Advisory Committee unanimously approved changes to the ISO’s congestion revenue rights activity calendar and its Nodal Operating Guide.
Heated Start for CAISO CRR Reform Initiative
Financial traders made clear that they won’t give up the CAISO congestion revenue rights auctions without a fight at a meeting on the auctions’ shortfalls.
SPP Hopes Congestion Rights Rule Change Wins FERC OK
SPP’s MOPC approved a revision request to comply with FERC guidance on the RTO’s disparate treatment of PTP and NITS during periods of redispatch.
New FTR Task Force on the Way for PJM?
With several changes under consideration for its financial transmission rights processes, could PJM be forming another FTR task force?
PJM Market Implementation Committee Briefs
PJM stakeholders approved by acclimation amendments brought by the Monitor and issue charge to address minimum tank suction level costs.
Report Shows Continued Losses in CAISO CRR Auctions
CAISO last year paid out $47 million more to congestion revenue rights (CRR) holders than it took in from its auctions, the ISO’s IMM has found.
PJM Market Implementation Committee Briefs
PJM officials briefed the Market Implementation Committee on the implications of FERC's lack of quorum.
FERC Accepts PJM’s FTR Plan, Rejects Rehearing Requests
FERC rejected rehearing requests on the PJM financial transmission rights (FTR) market in time for implementation of changes in the 2017 ARR allocation.
FERC Orders Portfolio Approach for PJM FTR Forfeiture Rule
FERC rejected the PJM proposal for revising how it implements its FTR forfeiture rule, ordering the RTO to instead adopt an approach suggested by the IMM.

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