Category: Settlements

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….

Energy Market Offer Cap Comment Period Opens

On Jan. 21, the Federal Energy Regulatory Commission issued a notice of proposed rulemaking (NOPR) on the energy market offer cap. The NOPR was published in the Federal Register on Feb. 4. All public comments will be due on April…

MC Webinar Presents FERC Updates, Virtual Transaction Recommendations

This is an updated version of a story that ran briefly  in the October 19 edition of Inside Lines. Ongoing PJM efforts in response to  the recent notice of proposed rulemaking by the Federal Energy Regulatory Commission and the publication…

Tier 1 Synchronized Reserve Billing Adjustments for Some Generators

PJM recently updated the estimates it uses in the Markets Settlements system for Tier I Synchronized Reserve compensation, effective July 1, 2014. As a result of the new calculations, billing adjustments will be made to the Tier I Synchronized Reserve…