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

A round-up of news from the PJM Market Implementation Committee (MIC) on Oct. 8, 2014.

PJM will forego $10.2 million in BOR charges resulting from DC Energy and Scylla transactions characterized as IBTs under a settlement approved by FERC.

A summary of measures approved by the PJM Markets and Reliability and Members Committees on Sept. 18, 2014.

Our summary of the issues scheduled for votes at the PJM MRC and MC on 09/18/14. Each item is listed by agenda number, description and projected time of discussion, followed by a summary of the issue and links to prior coverage.

Members agreed last week to consider changing credit requirements for virtual transactions in January and February 2015 despite opposition from PJM.

At FERC's uplift hearing, PJM was a target for criticism from market participants smarting over the $600 million uplift bill from January’s polar vortex.

A round-up of news from the PJM Market Implementation Committee on Sept. 3, 2014.

FERC ordered a review of PJM’s rules regarding up-to-congestion transactions (UTCs), saying the RTO may be discriminating in how it treats these trades.

The PJM MIC approved several changes recommended by subcommittees regarding data submission deadlines and credit requirements.