Stakeholders approved a rule change to the PJM zonal base load definition so that zones don’t lose Auction Revenue Rights due to anomalies caused by storms or other extraordinary events.

FTR traders asked PJM and the Market Monitor to take action to address funding shortfalls, receiving sympathy but no commitments.

In its State of the Market report for 2013, the Market Monitor listed several high-priority tasks for the coming year.

The PJM 2013 State of the Market was, to quote that noted economist Yogi Berra, mostly “déjà vu all over again.”

Members agreed last week to move forward with an initiative that could result in reduced restrictions on Up-to Congestion transactions.

PJM is adding more items to the to-do list resulting from the September heat wave, during which officials ordered limited load sheds to prevent a wider transmission collapse.

PJM will consider relaxing rules for up-to congestion transactions under a problem statement approved last week.

The MIC approved the sunset of the Financial Transmission Rights Task Force.

A proposal to allow intra-year switching to nodal pricing failed, falling just short of the two-thirds vote needed for approval.

PJM's market monitor released data showing that up-to congestion (UTC) transactions are increasing shortfalls in Financial Transmission Rights (ftr) funding.