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December 7, 2025

Financial Transmission Rights (FTR)

CAISO Issues Revised Proposal to Expand LSE Definition
CAISO released a final draft proposal to expand the definition of a “load-serving entity” to include organizations purchasing wholesale power to serve their own needs.
FERC Finds PJM ARR/FTR Market Design Flawed; Rejects Proposed Fix
PJM must develop a new method for allocating auction revenue rights that doesn’t consider extinct generators, FERC ruled.
CAISO Proposes Broadening LSE Definition
CAISO is proposing to amend its Tariff to expand the definition of a “load-serving entity” to include any organization granted authority to serve its own electricity needs.
SPP, MISO No Closer to Day-Ahead FFE Exchanges
SPP said it was concerned about the potential impacts of firm flow entitlement exchanges with MISO on its transmission congestion rights markets.
SPP Markets and Operations Policy Committee Briefs
The SPP Markets and Operations Policy Committee refused to take action on AEP and OG&E’s revision request to remove the day-ahead limited must-offer.
PJM Financial Marketers Coalition Calls on Hogan
Fighting a PJM proposal to impose uplift costs on UTC trades, the Financial Marketers Coalition enlisted one of the intellectual pioneers of electricity markets in its defense.
MISO Steering Committee Briefs
The MISO Steering Committee concluded that the Resource Adequacy Subcommittee acted properly when it retired a task team without a vote or motion.
Northern Pass Decision Delayed Nine Months
The New Hampshire siting board said Thursday it needs more time to consider the Northern Pass transmission line.
PJM Market Implementation Committee Briefs
The PJM Market Implementation Committee will consider changes to rules governing day-ahead scheduling reserve eligibility.
FERC Rejects Challenges to PJM Capacity Performance

FERC rejected multiple rehearing requests on PJM's Capacity Performance rules but ordered the RTO to revise Tariff language regarding certain provisions.


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