lost opportunity cost (LOC)
PJM's Operating Committee heard proposals on improving the dispatch of renewables, changes to max emergency status and a new cold weather advisory.
A summary of the agenda items scheduled to be brought to a vote at the PJM Markets and Reliability Committee meeting on May 25, 2022.
Stakeholders at a PJM Market Implementation Committee meeting peppered RTO staff with questions about a proposal on cost-based energy offers.
PJM announced the promotion of several executives, and stakeholders debated rules for approving resolutions at the Members Committee.
PJM's Markets and Reliability and Members Committees met to discuss market rules, tariff revisions and elect several new members.
PJM's Market Implementation Committee reviewed proposed manual language changes regarding financial transmission rights and UTC uplift.
PJM stakeholders unanimously endorsed the development of business rules to address a market suspension from an emergency or some other incident.
FERC Enforcement opened 12 new investigations and negotiated two settlement agreements worth $14.4 million in penalties and disgorgements in FY19.
PJM has received FERC approval to divide $40.8 million from an enforcement settlement with GDF SUEZ among implicated market participants.
In a settlement approved by FERC's Office of Enforcement, GDF SUEZ will will pay almost $82 million to PJM to settle market manipulation charges.
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