lost opportunity cost (LOC)
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.
MISO officials asked FERC staff last week to trust in its stakeholder process and not force capacity market changes that could increase exports.
A summary of the issues discussed and measures approved by the PJM Markets and Reliability Committee on May 28, 2015.
A round-up of news from the PJM Markets Committee on May 21, 2015.
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