The Texas PUC exercised its newfound authority to bypass ERCOT’s stakeholder process and direct utilities to add a second circuit to an existing line.

FERC provided guidance to Western electricity sellers on how and when to seek exceptions for transactions that exceed the region’s $1,000/MWh soft cap.

CAISO won FERC approval for its second effort to allow generators to recover the costs of higher natural gas prices.

ISO-NE’s energy transactions rang in at $159 million in April, the lowest monthly total since 2003, the NEPOOL Participants Committee heard.

MISO is hoping to avoid the need for a 6th straight waiver of its $1,000/MWh offer cap this winter, filing a year ahead of a FERC deadline.

Fernandez told the PJM MIC that his staff are still completing calculations for retroactively reallocating costs for certain transmission projects.

PJM and the Monitor presented members with separate proposals to revise the long-term financial transmission rights market.

PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.

PJM members at last week’s MRC meeting endorsed revisions to an initiative examining the calculation of the balancing ratio used in setting capacity offer caps.

FERC approved MISO’s plan to permanently double its hard offer cap but told the RTO to clarify some details about the proposal in a compliance filing.