The D.C. Circuit upheld FERC’s decision to OK PJM’s FTR forfeiture rule without ordering refunds under previous rules implemented without commission approval.

MISO’s Independent Market Monitor reported that the RTO’s financial transmission rights market came up short by more than $60 million this spring.

FERC granted PJM’s request to terminate the membership of Hill Energy Resource & Services following the company’s failure to pay invoices on time in 2022.

A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee and Members Committee meetings Thursday.

Researchers at Berkeley Lab say growing renewable generation mean it’s likely time to retool the design of financial transmission rights in wholesale markets.

A financial consulting firm said that MISO’s auction revenue rights and financial transmission rights market needs updating to keep up with the changing grid.

The principals of GreenHat Energy will pay PJM $1.4 million to settle claims over the company’s FTR market default, which cost members nearly $180 million.

The PJM MRC will vote on rules governing the inclusion of variable environmental charges in cost-based offers and four sets of capacity auction parameters.

FERC denied PJM’s rehearing request of its rejected FTR credit requirement calculation, but it said it would address the RTO’s arguments in a future order.