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December 5, 2025

Financial Transmission Rights (FTR)

PJM
PJM MIC Briefs: Dec. 1, 2021
Stakeholders endorsed a joint PJM/Independent Market Monitor proposal addressing fuel-cost policy standards at a Market Implementation Committee meeting.
Shutterstock
PJM MRC/MC Briefs: Nov. 17, 2021
PJM has proposed changes to a stakeholder-endorsed proposed on solar-battery hybrid resources after consulting with FERC staff.
Google
FERC Levies $242M in Fines on GreenHat, Owners
FERC determined that GreenHat Energy and its owners violated the Federal Power Act by “engaging in a manipulative scheme” in PJM’s FTR market.
PJM
PJM MIC Briefs: Nov. 3, 2021
Stakeholders at last week’s MIC meeting heard PJM's plan to deal with the adoption of an undefined regulation mileage ratio proposal.
London Economics
Stakeholders Endorse PJM ARR/FTR Market Changes
A joint PJM-stakeholder proposal to address the RTO’s auction revenue rights and financial transmission rights won endorsement at the MRC meeting.
Google
Estate of GreenHat’s Kittell Lobbies FERC to End Enforcement Action
The estate of GreenHat owner Andrew Kittell moved that FERC drop its enforcement action and investigate two of its employees for improper communication.
PJM
PJM Stakeholders Endorse Initial Margining Proposal
PJM stakeholders endorsed tariff revisions implementing rules related to initial margining for FTR obligations.
PJM
PJM MRC Briefs: Aug. 25, 2021
PJM stakeholders endorsed manual revisions implementing fast-start pricing even after some members questioned one of the changes.
BYD
MISO Market Subcommittee Briefs: June 10, 2021
The MISO Market Subcommittee meeting ran the gamut of storage participation, discovery of a longstanding energy pricing error and FTR underfunding.
FERC Rejects PJM FTR Forfeiture Rule
FERC rejected the FTR forfeiture rule PJM has been using for more than four years, saying it and could discourage legitimate hedging activity.

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