FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.

FERC rejected GreenHat Energy's arguments in a rehearing request on its contract dispute with Shell Energy.

Last week's outages in ERCOT were on the minds of many witnesses at FERC’s technical conference on RTO/ISO credit practices.

PJM's Market Implementation Committee reviewed proposed manual language changes regarding financial transmission rights and UTC uplift.

The NYISO Business Issues Committee approved rule changes regarding transmission congestion contracts and hybrid storage facilities.

FERC will hold a technical conference on credit risk best practices to prevent a repeat of PJM’s GreenHat Energy default.

The Markets and Reliability Committee endorsed revisions to PJM’s rules for liquidating defaulted financial transmission rights positions.

FERC approved SPP’s affected-system order compliance filing and the RTO's proposal to revise its fast-start pricing practices.

NYISO CEO Rich Dewey told stakeholders that staff are determining whether a technical problem related to the demand curve reset violates the Tariff.

The SPP Strategic Planning Committee will see if it can come up with a solution on how to modify the RTO’s congestion-hedging practices.