MISO’s Board of Directors has asked the RTO’s Independent Market Monitor to better explain its $10.6 million 2026 budget before it agrees to the amount.

MISO’s Independent Market Monitor said the recently uncovered, eight-year-old repeat error in the RTO’s capacity market that caused a $280 million impact in this year’s auction alone is unfortunate but insisted the resulting prices were efficient.

The PJM Market Implementation Committee voted to endorse two packages of revisions to key parameters of the capacity market out of six offered by PJM and stakeholders that resulted from the Quadrennial Review.

PJM’s Markets and Reliability Committee endorsed by acclamation a PJM proposal to rework how the RTO determines whether a new generation point-of-interconnection falls under federal or state jurisdiction.

The Markets and Reliability Committee rejected three proposals to revise aspects of PJM’s effective load-carrying capability accreditation model.

FERC partly granted a complaint from LS Power challenging the calculation of opportunity cost adders, requiring operating agreement revisions.

The MISO Independent Market Monitor called on the RTO to develop a penalty system for generation for underperformance during emergencies.

FERC approved Constellation's purchase of Calpine, which will create an even bigger IPP with nearly 60 GW around the country, with the biggest share of that in PJM.

FERC sided with MISO IMM David Patton, denying a petition from MISO that would have prevented the RTO from reimbursing the Monitor for reviewing the market impact of transmission planning.

MISO’s Independent Market Monitor has expressed lingering dissatisfaction with NERC’s Long-Term Reliability Assessment, even with potentially corrected values.