Category: Settlements

New Fuel Cost Policy Page on pjm.com

PJM launched today a Fuel Cost Policy page on pjm.com to provide market sellers with a convenient location to access up-to-date information, deadlines and documents related to the submission and approval process for fuel cost policies. The deadline to submit…

MIC Adds Level to Black Start Unit Work

The Market Implementation Committee covered a number of topics – ranging from black start units to actions by the Federal Energy Regulatory Commission – at its March meeting Wednesday. The committee approved by acclamation an amended problem statement and issue…

MIC Discusses Fast-Start and Energy Storage NOPRs

The Market Implementation Committee’s work on Notices of Proposed Rulemaking from the Federal Energy Regulatory Commission was a highlight at the committee meeting on Jan. 11. PJM gave presentations on the NOPR on fast-start resources and on energy storage and…

FERC Approves PJM’s Stated Rate Proposal

The Federal Energy Regulatory Commission issued an order yesterday approving PJM’s stated rate proposal to be effective Jan. 1, 2017, as filed with no conditions or additional reporting requirements. PJM filed with the FERC at the end of October. The…

MIC Hears Progress on FERC Orders

The way PJM and its stakeholders will develop compliance language for several orders from the Federal Energy Regulatory Commission dominated the Market Implementation Committee meeting Dec. 14. PJM presented on two aspects of the FERC’s Order 825, on price formation,…

PJM successfully passes SSAE 16 audit

PJM’s market settlement billing controls passed the Statement on Standards for Attestation Engagements (SSAE) 16 Type 2 audit. Through the SSAE 16 auditing standard, an independent auditor evaluates and issues an opinion about a service organization’s controls. The Type 2…

Board OKs Filing to FERC on Stated Rates

The PJM Board at its meeting Oct. 18, approved filing revisions to the PJM Tariff to update stated rates. PJM will file the tariff changes to the Federal Energy Regulatory Commission by the end of October. If approved by FERC,…

Stakeholders Hear Order 825 Material at MIC 

PJM presented stakeholder education related to the implementation of Order 825 at the Market Implementation Committee on Oct. 5. Order 825, issued by the Federal Energy Regulatory Commission in June, standardizes some market designs associated with market settlements and shortage…

Members Committee OKs Stated Rates Update

Recognizing the work of the Finance Committee throughout 2016, the Members Committee, at its Sept. 29 meeting, approved revisions to the PJM Tariff to update stated rates. Suzanne Daugherty, senior vice president, chief financial officer and treasurer, presented  PJM’s case…

Moody’s Upgrades PJM Rating

Moody’s Investors Service on Tuesday upgraded PJM’s and PJM Settlement’s issuer ratings to Aa2 from their previous Aa3. Moody’s said the upgrades were prompted by PJM’s financial performance, which has been stronger than the other regional transmission operators it rated….