PJM and MISO have reached agreement on a new product for interchange transactions similar to the CTS product PJM launched with NYISO.

A round-up of news from the PJM Market Implementation Committee on Nov. 7, 2014.

Our summary of issues discussed and voted on at the PJM MRC and MC on Thursday, 6/26/14 with no surprises or lengthy debate.

PJM is proposing a MISO scheduling product similar to the PJM-NYISO CTS solution that has conditional FERC approval to facilitate interchange optimization.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 03/27/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

PJM members endorsed updates to PJM’s Regional Transmission and Energy Practices in support of the RTO’s new ExSchedule application.

The scheduling tool that would be used to optimize power trading between PJM and NYISO is accurate within $5/MWh more than two-thirds of the time, according to a new analysis provided to members last week.

Preparing for a new scheduling product, the PJM Markets and Reliability Committee last week approved collateral rules for export transactions.

FERC approved a new scheduling product to reduce uneconomic power flows between PJM and NYISO, clearing the way for its implementation later this year.

The PJM Markets and Reliability and Members committees approved the following measures with little discussion at their October 24th meeting.