FERC Staff Seeks $30 Million Fine in Powhatan Case
FERC issued an Order to Show Cause seeking $29.8 million in fines over a PJM trading scheme that became the centerpiece of a debate over FERC enforcement policy during Commissioner Norman Bay’s...
View ArticleStakeholder Process Under Attack at FERC Hearing on PJM Financial Trades
The RTO stakeholder process came under fire last week at a FERC technical conference on PJM’s treatment of financial transactions. The post Stakeholder Process Under Attack at FERC Hearing on PJM...
View ArticleGates, Powhatan Say FERC Enforcers Didn’t Share Crucial Info
Attorneys for Powhatan Energy Fund accused FERC's Office of Enforcement of withholding information that could exonerate their clients in a high-profile market manipulation case. The post Gates,...
View ArticleCool Response to Proposed 7-Cent Fee on Virtual Transactions
A proposal to impose a temporary $0.07/MWh uplift charge on all netted virtual transactions received a cool response from PJM members Thursday. The post Cool Response to Proposed 7-Cent Fee on Virtual...
View ArticleFERC Issues Request for Comments in UTC Uplift Docket; Ruling by October?
If FERC keeps its word, virtual traders in PJM should have clarity by the end of October on whether UTCs will be subject to additional charges. The post FERC Issues Request for Comments in UTC Uplift...
View ArticlePJM Markets and Reliability Committee Preview
Our summary of the issues scheduled for votes at the PJM MRC on May 28, 2015. The post PJM Markets and Reliability Committee Preview appeared first on RTO Insider.
View ArticleBowring, Gates’ Consultant Spar over PJM Traders’ Obligations on Loopholes
Monitor Joe Bowring had a lively debate with a Powhatan consultant over the “duty” of market participants. The post Bowring, Gates’ Consultant Spar over PJM Traders’ Obligations on Loopholes appeared...
View ArticlePJM Ponders Changes to Virtual Trades, DA Market
PJM and the Monitor are considering the changes to reduce uplift and gaming opportunities and allow quicker solving of the day-ahead energy market. The post PJM Ponders Changes to Virtual Trades, DA...
View ArticlePJM Markets and Reliability Committee Briefs
A summary of the issues discussed and measures approved by the PJM Markets and Reliability Committee on May 28, 2015. The post PJM Markets and Reliability Committee Briefs appeared first on RTO Insider.
View ArticleMonitor at Odds with PJM, Marketer over FTR Forfeiture Rule
PJM's Market Monitor told FERC that proposals by the RTO and a marketer to change the FTR forfeiture rule would weaken protections against market manipulation. The post Monitor at Odds with PJM,...
View ArticleFERC Orders $15 Million Penalty in PJM Market Manipulation Case
FERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades. The post FERC Orders $15 Million Penalty in PJM...
View ArticleSPP Fundamentals Largely Unchanged
SPP will soon file a full report on the Integrated Marketplace’s first year. The post SPP Fundamentals Largely Unchanged appeared first on RTO Insider.
View ArticlePJM Suggests Changes to Virtual Transactions
PJM recommended three market rule changes regarding virtual trading in a report requested by stakeholders. The post PJM Suggests Changes to Virtual Transactions appeared first on RTO Insider.
View ArticleFERC: PJM Entitled to Recoup Line-Loss Credits
PJM told FERC that it has already recovered $9 million of the approximately $37 million the RTO paid out to virtual traders through its marginal loss surplus allocation. The post FERC: PJM Entitled to...
View ArticlePJM Market Implementation Committee Briefs
A roundup of news from the PJM Market Implementation Committee on Dec. 2, 2015. The post PJM Market Implementation Committee Briefs appeared first on RTO Insider.
View ArticleJackpot!
FERC issued a show cause order demanding more than $42 million from Coaltrain Energy. The post Jackpot! appeared first on RTO Insider.
View ArticlePJM MRC & Members Committee Briefs
A summary of issues discussed at the PJM MRC and Members Committee meeting on Jan. 28, 2016, including integrating distributed resources. The post PJM MRC & Members Committee Briefs appeared first...
View ArticleWitnesses Ask CFTC to Drop ‘Private Rights’ Clause
A parade of witnesses said the CFTC's position could undermine the broad exemptions the commission granted RTOs and ISOs in 2013. The post Witnesses Ask CFTC to Drop ‘Private Rights’ Clause appeared...
View ArticleOverheard at the Energy Bar Association’s 2016 Midwest Chapter Annual Meeting
The Clean Power Plan, Order 1000 and FERC enforcement were favorite topics at last week’s annual meeting of the Energy Bar Association’s Midwest chapter. The post Overheard at the Energy Bar...
View ArticleFERC: CAISO Market Flaws Irrelevant to Market Manipulation Case
FERC Office of Enforcement staff said that the presence of flaws in the CAISO market is irrelevant to their market manipulation case against ETRACOM and principal trader Michael Rosenberg. The post...
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