March

• Nuclear Generation Owners/Operators Users Group – 03.20.2008 – Topics:
• Tariff Advisory Committee – 03.20.2008 – Topics:
• Reliability Pricing Model Working Group – 03.20.2008 – Topics:
• Markets and Reliability Committee – 03.19.2008 – Topics:
• System Information Subcommittee – 03.19.2008 – Topics:
• Black Start Services Working Group – 03.18.2008 – Topics:
• Operating Committee – 03.18.2008 – Topics: Administration, Committee/Subcommittee Updates, NERC/RFC Update, Review of Operations, EMS Pilot Program / Data Confidentiality, Rockport Special Protection Scheme, Transmission Outage Scheduling Changes, Look-Ahead UDS and TPS Analysis, Transmission Maps, Manual Updates, Action Items Future OC Meetings
• Reserve Requirement Assumptions Working Group – 03.17.2008 – Topics:
• PJM Emerging Energy Resources Forum – 03.14.2008 – Topics: Opening Remarks and Introductions, Wind Forecasting in NYISO, Solar Capacity Valuation Methodology, GATS Overview, Working Lunch Q&A with PJM SMEs, Building the 2008 PEER Agenda Future Meetings.
• Demand Response Steering Committee – 03.13.2008 – Topics:
• Planning Committee Conference Call – 03.12.2008 – Topics: Administrative, Minutes, RRAWG Update, NERC/RRO Update, Interconnection Process Changes, PHASOR Working Group Update, PJM’S Interim CEII Update, Future Meeting Dates.
• System Operation Subcommittee – 03.12.2008 – Topics: Administration, Review of Operations, Working Group Updates, System Operator Training and Certification, Quarterly Reactive Analysis, Winter Capacity Testing Update, NERC/RFC Audit Update, BES Update, System Restoration Drill Review, Manual Update, Transmission Outage Scheduling Changes, Rockport SPS, Secure SOS Website, Future Agenda Items Discussion, Future Agenda Items.
• Spread Bidding Task Force – 03.11.2008 – Topics: Administration, Spread Bidding Product Proposal, PJM Market Monitor Review of Spread Bidding, Additional Items, Future Meetings.
• Marginal Losses Working Group – 03.11.2008 – Topics: Administration, Follow-up Discussion on the Midwest ISO Marginal Losses Presentation, Estimating Production Cost Savings, Surplus and Loss Analysis, Brain Storm on Loss Hedging Alternatives, Action Item Review / Future Meeting Agenda Items, Future Meeting Dates.
• Credit Risk Management Steering Committee – 03.10.2008 – Topics: Charter, Consultant Engagement, Initial Discussion Topics, Future Agenda Items, Proposed Future Meeting.
• Governance Working Group – 03.10.2008 – Topics: Administration, Voting Reports, Review Proposed Charter Revision, Compliance Filing Stakeholder Process, Parking Lot, Future Agenda Items, Proposed Future Meetings.
• Tariff Advisory Committee – 03.04.2008 – Topics: Administration, Day-Ahead Scheduling Reserve Market, NERC Reliability Standards Penalty Cost Allocation, Transmission Outage Scheduling, Long-Term Market Access for Demand side Response, RPM Tariff and Manual Updates, Credit Policy Clarifications and Revisions, Access to State 1 ARRS by External Load Serving Entities, IARRS for RTEP Upgrades, Future Meetings

February

• Governance Working Group – 2.29.2008 – Topics: TBD
• Three Pivotal Supplier Task Force – 02.28.2008 – Topics: TBD
• Market Implementation Committee – 02.27.2008 – Topics: Administration, Long-Term Market Access for Demand Side Response, Spread Bid Product Development, RPM Manual Updates, Synchronized Reserves Enhancement, Credit Policy Clarifications and Revisions, Access to Sate 1 ARRs by External LSEs, IARRs for RTEP Upgrades, Transmission Outage Scheduling, Transaction Scheduling Issues, Day-Ahead Scheduling Reserve Market Implementation, Operating Reserves – Netting Deviations at Hubs in Zone, Report on Market Operations, Market User Interface Issues, Market Data Working Group, Working Group Updates, Future Meetings.
• Reliability Pricing Model Working Group – 02.26.2008 – Topics: TBD
• Dispatcher Training Task Force Meeting – 02.26.2008 – Topics:
• Transmission Owners Agreement – Administrative Committee – 02.25.2008 – Topics: Administrative Items, Planned Transmission Outage Notice Requirements, ERO Penalty Cost Allocation, PJM/MISO Cross Border Allocations, RTEP Projections Used in RPM Assumptions, Board Liaison Committee, Capacitors on Bulk Power Systems, Phasors, Generator Interconnection, Information Sharing Working Group, Review of Other Working Groups, LIT Update, PJM Update, Preparation for Annual Meeting, Other Business, Future Meetings.
• Planning Committee / Transmission Expansion Advisory Committee Joint Meeting – 02.22.2008 – Topics: Administrative, Minutes, Relay Subcommittee Mis-Operations Report, NERC/RRO Update, CEII and Non-Disclosure Requirements Update, NERC Standard PRC-023-1 Relay Load ability, Rockport SPS Proposal, Interconnection Process Update, Wind Class Average, Phasor Working Group Update, LDA Update, Sub-Regional RTEP Update, Long Term Reactive Analysis, Market Efficiency Analysis, Future Meeting Dates
• Nuclear Generation Owners/Operators Users Group – 02.21.2008 – Topics: N/A
• Markets and Reliability Committee – 02.21.2008 - Topics: Administration, Marginal Losses Working Group, Up To Congestion Transactions, NERC Reliability Standards Penalty Cost Allocation, Transmission Outage Scheduling, Three Pivotal Supplier Task Force (TPSTF), Market Implementation Committee (MIC), Regional Planning Process Working Group (RPPWG), Governance Working Group (GWG) Report, Regional Transmission and Energy Scheduling Practices, Future Agenda Items, Future Meetings.
• Data Management Working Group – 02.21.2008 – Topics: Administration, 2007/2008 Winter and 2008 Spring Update Summaries, 2008 G (Spring) and 2008 S (Summer) Update Timelines, AC**2 Update, Network Model cut-ins: Future/Retirement Annotation/Model Impact, BES Update, EDART Telemetry Function, Attendee Roundtable, Wrap up of Joint Session
• Market Data Working Group – 02.20.2008 – Topics: N/A
• Systems Information Subcommittee – 02.20.2008 – Topics: N/A
• Liaison Committee – 02.20.2008 – Topics: Credit and Default Issues, Interconnection Queues, Public Debate on Competitive Markets. If time permits, the following will be discussed: Market Monitoring Unit Settlement and Externalization Process, General Session Review, RPM CONE Decision Process.
• Black Start Services Working Group – 02.19.2008 – Topics: Administration, Discuss NERC CIP Options, Review Tariff Language for Other 3 Issues, Endorse Tariff Language Recommendation for the MIC, Additional BSSWG Scope Discussion Items, Presentation Review for February 27 MIC Meeting, Action Item Review, Future Agenda Items, Future Meetings.
• Operating Committee Meeting – 02.19.2008 – Topics: Administration, Committee/Subcommittee Updates, NERC/RFC Update, IEP Update, Review of Operations, EMS Pilot Program / data confidentiality, Transmission Outage Scheduling Changes, Look-Ahead UDS and TPS Analysis, Transmission Maps, Action Items, Future OC Meetings

PJM Market Monitor finds wholesale electricity markets remain competitive

Once again, PJM Interconnection’s wholesale electric energy markets have been found to produce competitive results, according to the 2007 State of the Market Report, issued by the independent Market Monitoring Unit (MMU) for PJM. Over the years, the MMU’s State of the Market Reports consistently have shown that the PJM markets produce competitive results.

The Market Monitoring Unit’s annual assessment of the wholesale electricity markets managed by PJM analyzes market structure, participant behavior and market performance. The report finds competitive results for PJM’s Energy, Capacity, Synchronized Reserve and Financial Transmission Rights Auction markets.

The report shows once again that most of the electricity used in the PJM region was either purchased through contracts or self-supplied. Only about four percent of the electricity was purchased through PJM’s spot markets in 2007. Coal-fired units continue to be the most frequent marginal units – setting the price of electricity 70 percent of the time in 2007 as they did in 2006.

The cost of fuel is the largest component of the cost of electricity, according to the report. Fuel costs accounted for 69.8 percent of the average price of electricity in 2007, environmental control costs about 8.2 percent, variable operation and maintenance expense 6.7 percent, and mark up 9.5 percent.

On average, the revenues for generators since 1999 have not been sufficient to cover the fixed costs of a new generating unit, according to the report. For example, a newly constructed combined-cycle unit would have covered just 61 percent of its fixed costs. In 2007, the report said, the fixed costs of constructing a new combustion turbine, combined-cycle or coal-fired steam generation resource were fully covered in some, but not all, PJM control zones. There was revenue adequacy in 2007 for the combined-cycle technology for more zones than for either the combustion turbine or pulverized-coal technologies.

The report also compares the previously used system to attain capacity—the Capacity Credit Market (CCM) and RPM. The results show that RPM represents a significant change in the structure of the Capacity Market because it’s forward-looking, annual, based on locational market, with a must-offer requirement for capacity and mandatory participation and provides performance incentives for generation.

The 2007 Regional Transmission Expansion Plan report provides an explanation by state of:

The PJM Board has authorized more than $9.8 billion in transmission upgrades and additions since the regional planning process began in 1997.

The various sections of the report are available at this link: http://www.pjm.com/planning/reg-trans-exp-plan.html

PJM Interconnection will conduct an evaluation of the performance of the Reliability Pricing Model (RPM) in providing investment signals for new and existing generation and demand response resources. The assessment is to verify that RPM is working as intended to facilitate market investment to maintain appropriate levels of capacity consistent with reliability principles and standards.

PJM has commissioned the Brattle Group to perform this analysis. The PJM Market Monitoring Unit has been invited to participate. The resulting report is expected to be completed by June 30, 2008. The report will provide any recommendations for modifications to RPM, if necessary, to improve its performance in maintaining resource adequacy.

Upon completion, the report and any recommendations will be discussed with stakeholders to allow all interested parties to comment on both the report and recommendations. The report is expected to start a PJM stakeholder process to discuss the results and recommendations.

The ISO/RTO Council (IRC) will hold a technical conference on demand response in wholesale electricity markets on April 21 in Arlington, Va. The one-day conference will solicit industry input on two initiatives to advance the participation of demand response in wholesale electricity markets.

The IRC is an industry organization consisting of representatives of North American ISOs and RTOs. The IRC works collaboratively to develop effective processes, tools and standard methods for improving competitive electricity markets across North America. The IRC’s goal is to balance reliability considerations with market practices, resulting in efficient, robust markets that provide competitive and reliable service to electricity users.

FERC Commissioner Jon Wellinghoff will give the keynote address to open the conference, which will feature two sessions. The first session will discuss the joint IRC/North American Energy Standards Board (NAESB) initiative to create national standards for measurement and verification of demand response programs and resources. The second session will focus on the development of standardized communication protocols and possible North American Electric Reliability Corporation (NERC) standards to ease the participation of small demand resources in energy and ancillary services markets.

Members from the IRC’s Working Group on Demand Response will discuss initial ideas and plans for addressing these issues. The group includes a cross-section from the demand response industry, including groups such as load aggregators, end-use customers, and technology providers. Formal presentations will be followed by open discussions to collect industry feedback on existing ideas, and obtain feedback on areas that warrant further discussion and development.

The conference will be held in at the Hilton Crystal City in Arlington, Va. Registration begins at 7:30 a.m.; sessions run from 9:00 a.m. to 4:30 p.m. Event registration is $75 and includes lunch and refreshments during the day.

Registration is available online.

This year’s PJM Annual Meeting of Members will be held Tuesday, April 29 through May 1 at the Kingsmill Resort and Spa in Williamsburg, Va.

For more information, contact Sheila Foley at 610-666-4778.

Compliance Monitoring

RFC has posted its 2008 Compliance Implementation Plan and audit schedule on the Compliance Schedules section of the RFC Web site. SERC requirements for individual entities can be found on the SERC Member Portal of the SERC Web site. Upcoming compliance deadlines are listed below.
All activities listed below for March are Data Submittals.

Note: SERC compliance requirements are posted for each registered entity on the SERC Compliance Page.

March

• 03.11.2008 Docket No. ER08-492-000 (PDF)
  On March 11, 2008, the Commission issued a Letter Order, in Docket No. ER08-492-000, accepting an executed interim Interconnection Service Agreement ("ISA") among PJM, Old Trail Wind Farm, and Commonwealth Edison Company. The ISA facilitates the interconnection to the PJM transmission system of a 198 MW wind generating facility located in Ellesworth, McLean County, Illinois. The ISA is effective January 4, 2008 as requested.
• 03.11.2008 Docket No. ER08-490-000 (PDF)
  On March 11, 2008, the Commission issued a Letter Order, in Docket No. ER08-490-000, accepting an executed interim Interconnection Service Agreement ("ISA") among PJM, High Trail Wind Farm, and Commonwealth Edison Company. The ISA facilitates the interconnection to the PJM transmission system of a 198 MW wind generating facility located in Ellesworth, McLean County, Illinois. The ISA is effective January 4, 2008 as requested.
• 03.07.2008 ER06-456-010, -011, -012 ER06-954-006, -007, -008 ER06-1271-005, -006, -007, ER07-424-002, -003, EL07-57-001, ER06-880-008 (PDF)
  On March 7, 2008, in Docket Numbers ER06-456-010, et al., the Commission issued an Order on Rehearing and Compliance filing in the matter re PJM Interconnection, L.L.C. and PJM Transmission Owners. The Commission denies rehearing of the April 19, 2007 RTEP Order, which concerns were also raised and denied in the rehearing request of Opinion No. 494. The Commission conditionally accepts PJM's May 21, 2007 tariff sheets for filing, as amended by the July 26, 2007 tariff to become effective on August 4, 2006, October 19, 2006, and April 11, 2007, as discussed in the order. In addition, PJM is to submit a compliance filing within 30 days of the Order.
• 03.06.2008 Docket No. El08-14-000 (PDF)
  On March 6, 2008, in Docket No. EL08-14-000, the Commission issued an order denying the complaint filed on December 3, 2007 by Black Oak Energy, L.L.C., EPIC Merchant Energy, LP and SESCO Enterprises, L.L.C.. The Commission denied that PJM unduly discriminated against the parties in the allocation of transmission line losses via its marginal loss methodology.
• 03.05.2008 Docket Nos. ER08-101-000, -001 (PDF)
  On March 5, 2008, in Docket Nos. ER08-101-000, -001, the Commission issued a Letter Order accepting PJM Interconnection, L.L.C.'s filing of an Interconnection Service Agreement on October 29, 2007 and amended on January 16, 2008 among PJM Interconnection, L.L.C., Industrial Power Generating Company, L.L.C. and Virginia Electric Power Company with an effective date of September 27, 2007.
• 03.05.2008 Docket Nos. ER08-549-001, ER08-550-001 (PDF)
  On March 5, 2008, in Docket Nos. ER08-549-001, ER08-550-001, the Commission issued a Notice of Filing stating on February 15, 2008, PJM Interconnection, L.L.C. and Virginia Electric and Power Company tendered for filing a revised unexecuted service agreement with the correct service agreement number.
• 03.05.2008 Docket NO. EL08-36-000 (PDF)
  On March 5, 2008, in Docket No. EL08-36-000, the Commission issued an Order regarding settlement discussions and the expectation of filing a proposed settlement agreement on or before March 12, 2008 in the matter of Dominion Resources Services, Inc v PJM Interconnection, L.L.C.
• 03.03.2008 Docket No. ER08-40-000, ER08-40-001, ER08-40-002 (PDF)
  On March 3, 2008, the Commission issued a Letter Order, in Docket Nos. ER08-40-000, et al., accepting an executed non-conforming Interconnection Service Agreement ("ISA") among PJM, Conectiv Delmarva Generation, and Delmarva Power and Light Company. The ISA facilitates the interconnection of an increase in capacity of 5 MW for a total capacity of 450 MW for the Edgemoor facility (located in Wilmington, DE) to the PJM transmission system. The ISA is effective September 11, 2007 as requested.
  

• 02.28.2008 Docket Nos. ER07-1394-000, -001 (PDF)
  On February 28, 2008, the Commission issued a letter order accepting for filing effective August 22, 2007, as requested, the non-conforming executed Interconnection Service Agreement (ISA) among PJM, Ameresco Stafford L.L.C. (Ameresco), and Virginia Electric Power Company (VEPCO). The ISA contains non-conforming provisions providing for the interconnection of the Ameresco facility to a distribution line owned by VEPCO.
• 02.27.2008 Docket No. EL08-36-000 (PDF)
  On February 27, 2008, in Docket No. EL08-36-000, the Commission issued an Order of Chief Judge granting Motions to Intervene Out of Time filed in the matter of Dominion Resources Services, Inc v PJM Interconnection, L.L.C.
• 02.27.2008 Docket No. EL08-36-000 (PDF)
  On February 27, 2008, in Docket No. EL08-36-000, the Commission issued an Order Scheduling Additional Settlement Conference via telephone to discuss finalization of proposed settlement language in the matter of Dominion Resources Services, Inc v PJM Interconnection, L.L.C.
• 02.25.2008 Docket No. ER08-455-000 (PDF)
  On February 25, 2008, the Commission issued a Notice Rescinding Prior Notice, in Docket No. ER08-455-000, wherein the Combined Notice of Filings #1 dated February 21, 2008 was issued in error.
• 02.25.2008 Docket No. ER07-1036-002 (PDF)
  On February 25, 2008, the Commission issued a Letter Order, in Docket No. ER07-1036-002, accepting PJM's revised tariff sheet in compliance with the Commission's October 26, 2007 Order to reflect the removal of the phrase, "to PJM's satisfaction" regarding the Credit Policy, Attachment Q of the PJM Tariff. PJM"s submittal is accepted for filing effective October 26, 2007, as requested.
• 02.22.2008 Docket No. EL08-36-000 (PDF)
  On February 22, 2008, in Docket No. EL08-36-000, the Commission issued an Order of Chief Judge continuing Settlement Judge Procedures in the matter of Dominion Resources Services, Inc v PJM Interconnection, L.L.C.
• 02.22.2008 Docket No. EL08-36-000 (PDF)
  On February 22, 2008, in Docket No. EL08-36-000, the Commission issued a Settlement Judge's Status Report in the matter of Dominion Resources Services, Inc v PJM Interconnection, L.L.C.
• 02.22.2008 Docket No. EL08-36-000 (PDF)
  On February 22, 2008, in Docket No. EL08-36-000, the Commission issued an Order scheduling an additional settlement conference to be held on February 20, 2008 in the matter of Dominion Resources Services, Inc v PJM Interconnection, L.L.C
• 02.20.2008 Docket Nos. EL08-8-000, -001 (PDF)
  On February 20, 2008, in Docket Nos. EL08-8-000, -001, the Commission issued an Order Adopting Procedural Schedule in the matter filed by the Mirant Energy Trading, L.L.C., et al., against PJM.
• 02.15.2008 Docket No. ER08-377-000 (PDF)
  On February 15, 2008, in Docket No. ER08-377-000, the Commission issued a Letter Order accepting PJM Interconnection, L.L.C.'s December 26, 2007 filing of an executed Wholesale Market Participation Agreement among PJM, Winnebago Energy Center and Commonwealth Edison Company.
• 02.15.2008 Docket No. EL08-8-000 (PDF)
  On February 15, 2008, the Commission issued an Order of Chief Judge Continuing Settlement Judge Procedures in the Mirant Energy Trading, L.L.C. v. PJM proceeding wherein the Chief Judge found it in the public interest to continue the settlement judge procedures in order to allow the parties continue settlement negotiations.
• 02.14.2008 Docket No. EL08-36-000 (PDF)
  On February 14, 2008, in Docket No. EL08-36-000, the Commission issued an order scheduling an additional settlement conference to be held on February 20, 2008
• 02.13.2008 Docket No. ER08-339-000 (PDF)
  On February 13, 2008, the Commission issued a Letter Order, in Docket No. ER08-339-000, accepting PJM's request to remove the Schedule 2 chart of the PJM Tariff in which it specified the revenue requirements of every provider of Reactive Power by Zone and replacing it with a provision requiring PJM to post such information on its website.
• 02.13.2008 Docket No. ER08-229-000 (PDF)
  On February 13, 2008, in Docket No. ER08-229-000, the Commission issued an Order on Cost Allocation Report accepting PJM Interconnection L.L.C.'s filing of November 16, 2007, revising tariff sheets to amend assignments of cost responsibility for three baseline upgrades that will operate at or above 500 kV and are included in the most recent update to the Regional Transmission Expansion Plan (RTEP). The Commission accepts the revised tariff sheets, suspends them for a nominal period to become effective February 14, 2008, subject to refund and subject to the outcome of further proceedings in Docket No. ER06-456, et al. In addition, the Commission grants a waiver of the 30-day tariff filing provision for facilities that operate below 500 kV.
• 02.13.2008 Docket No. EL08-36-000 (PDF)
  On February 13, 2008, in Docket No. EL08-36-000, the Commission issued a Protective Order and Order of Chief Judge Adopting Protective Order governing the use of all Protected Materials as requested by Dominion Resources Services, Inc. ("Dominion") in the matter filed by Dominion against PJM alleging that PJM failed to timely process Dominion's interconnection request in accordance with the PJM Tariff.
• 02.11.2008 Docket No. EL08-8-000 (PDF)
  On February 11, 2008, the Commission issued, in Docket No. EL08-8-000, a Report of Settlement Judge in the Mirant Energy Trading, L.L.C., et al. v. PJM proceeding. The first settlement conference was held on February 4, 2008. At the end of the conference, the parties agreed to a schedule under which the complainant will circulate a draft settlement agreement by February 14, 2008, and the parties will circulate comments by February 22, 2008. A second settlement conference is scheduled for March 3, 2008.
• 02.11.2008 Docket No. EL08-36-000 (PDF)
  On February 8, 2008, the Commission issued, in Docket No. EL08-36-000, an Order Scheduling Additional Settlement Conference in the Dominion Resources Services, Inc. v. PJM proceeding. The conference hearing will be held on February 14, 2008 at the Federal Energy Regulatory Commission.
• 02.08.2008 Docket Nos. ER07-1071-000, 001, 002, 003 and Docket Nos. ER07-1072-000, 001, 002, 003 (PDF)
  On February 8, 2008, in Docket Nos. ER07-1071-000 and ER07-1072-000, the Commission issued an Order accepting and suspending filing, subject to refund, establishing hearing and settlement judge procedures, and holding procedures in abeyance in the matter of Virginia Electric and Power Co., (Dominion Virginia Power) submitting New Attachment H-16B to PJM's Open Access Transmission Tariff. The order accepts Dominion's proposed rate to Emporia Hydro for wholesale distribution service and suspended for a nominal period, subject to refund, and subject to the outcome of the proceeding in Docket No. ER08-92-000, to become effective August 21, 2007 and denies Dominion's request for a 50 basis point adder and Request for Waiver of prior notice. Dominion is also ordered to make time value of revenues refunds within 30 days of the date of issuance of this order, and to file a refund report within 15 days thereafter. A status report will be filed by the settlement judge within 30 days after appointment of the settlement judge and again at least every 60 days thereafter.

FERC Filings

March

• 03.11.2008 Docket No. ER08-596-xxx (PDF)
  On March 11, 2008, PJM Interconnection, L.L.C. submitted for filing with FERC an amendment to the filing it made on February 25, 2008 in Docket No. ER08-596-000 updating the PJM Member List in Schedule 12 of the PJM Operating Agreement.
• 03.11.2008 Docket No. ER08-596-xxx (PDF)
  On March 11, 2008, PJM Interconnection, L.L.C. submitted for filing with FERC an amendment to the filing it made on February 25, 2008 in Docket No. ER08-596-000 updating the PJM Member List in Schedule 12 of the PJM Operating Agreement.
• 03.07.2008 Docket No. EL08-xxx-000 (PDF)
  On March 7, 2008, PJM Interconnection, L.L.C. filed a Complaint against Accord Energy L.L.C., BJ Energy L.L.C., Franklin Power L.L.C., GLE Trading L.L.C., Ocean Power L.L.C., Pillar Fund L.L.C., Power Edge L.L.C., Tower Research Capital L.L.C., and Tower Research Capital Investments L.L.C. concerning their manipulation of the PJM market.
• 03.07.2008 Docket No. EL08-xxx-000 (PDF)
  On March 7, 2008, PJM Interconnection, L.L.C. filed a Complaint against Accord Energy L.L.C., BJ Energy L.L.C., Franklin Power L.L.C., GLE Trading L.L.C., Ocean Power L.L.C., Pillar Fund L.L.C., Power Edge L.L.C., Tower Research Capital L.L.C., and Tower Research Capital Investments L.L.C. concerning their manipulation of the PJM market.
• 03.05.2008 Docket No. ER08-438-000 (PDF)
  On March 5, 2008, in Docket No. ER08-438-000, the Commission issued a Letter Order accepting PJM Interconnection, L.L.C.'s January 14, 2008 filing of an executed Wholesale Market Participation Agreement ("WMPA") among PJM, WM Renewable Energy, L.L.C. and Virginia Electric and Power Company, with an effective date of December 28, 2007.
• 03.05.2008 ES08-26-000 (PDF)
  On March 5, 2008, PJM supplements its Application by submitting revised 2006 to 2008 computations of interest coverage to replace the computations of interest coverage originally submitted on January 28, 2008.
• 03.04.2008 Docket No. EL08-14-000 (PDF)
  On March 3, 2008, PJM filed a Motion for Leave to Answer and Answers the Answer filed, in Docket No. EL08-14-000, by Black Oak Energy, L.L.C., EPIC Merchant Energy, LP and SESCO Enterprises, L.L.C. (collectively "Financial Marketers"). This proceeding concerns the application of Loss Prices to virtual traders and the allocation of the marginal loss surplus.
• 03.03.2008 Docket Nos. ER05-6-044, -054, -055, EL04-135-046, -056, -057, EL02-111-064, -074, -075, and EL03-212-060, -070, -071 (PDF)
  On March 3, 2008, PJM and the Midwest ISO filed with the FERC proposed revisions to their Joint Operating Agreement in compliance with the Commission's directives set forth in its January 31, 2008 Order on Cross-Border Facilities Cost Allocation for reliability projects, 122 FERC Para. 61,084 (2008)
• 03.03.2008 Docket No. ER08-455-000 (PDF)
  On March 3, 2008, PJM filed an answer to protests in Docket No. ER08-455-000, which concerns PJM's January 18, 2008 filing to revise the Operating Agreement's default allocation provisions. PJM showed in its answer that the default allocation change does not impose alter ego liability or "pierce the corporate veil," and does not violate the Commission's rule against retroactive ratemaking.

February

• 02.27.2008 ER06-1336-000, ER08-582-000 (PDF)
  On February 27, 2008, PJM filed a Reply to Indeck-Elwood, L.L.C.'s Response to the Notice of Cancellation filed by PJM Interconnection, L.L.C. in the above-referenced matter on February 20, 2008.
• 02.25.2008 Docket No. ER08-xxx-000 (PDF)
  On February 25, 2008, PJM Interconnection, L.L.C. submitted for filing with FERC amendments to Schedule 12 of the PJM Operating Agreement to update the PJM Member List
• 02.21.2008 Docket No. EL08-35-000 (PDF)
  On February 21, 2008, PJM filed an Errata to the Motion to Intervene and Comments to Petition for Declaratory Order filed on February 19, 2008, in FERC Docket No. EL08-35. This filing changes the referenced expected in-service date for the Susquehanna - Roseland project from June 1, 2012 to June 11, 2011, as it was incorrectly stated on page 7 of the February 19 Motion.
• 02.20.2008 Docket No. ER06-1336-000 (PDF)
  On February 20, 2008 PJM Interconnection, L.L.C. ("PJM"), submitted to the FERC for filing a Notice of Cancellation in Docket No. ER06-1336-000. The Original Service Agreement Number 1531, was entered into by and among PJM, Indeck-Elwood, L.L.C. ("Indeck") and Commonwealth Edison Company. The agreement was for an interconnection project that has since been withdrawn form the PJM Interconnection queue, at the request of Indeck.
• 02.19.2008 Docket No. RM06-22-001 (PDF)
  On February 19, 2008, the ISO/RTO Council filed a request for clarification in response to Commission Order No. 706 in the Critical Infrastructure Protection Reliability Standards proceeding in Docket No. RM06-22.
• 02.19.2008 Docket No. EL08-35-000 (PDF)
  On February 19, 2008, PJM filed a Motion to Intervene and Comments to PSEG's Petition for Declaratory Order in FERC Docket No. EL08-35-000. This proceeding relates to PSEG's proposed disconnection from PJM of unit #2 of the Bergen generating plant in Ridgefield, NJ (Bergen 2) and the proposed generator lead facility that will connect Bergen 2 to the NYISO transmission grid
• 02.19.2008 Docket No. ER08-194-001 (PDF)
  On February 19, 2008, the Duquesne Light Company, in Docket No. ER08-194-001, requested for rehearing and clarification of the Commission's Order Addressing Conditional RTO Withdrawal Request issued on January 17, 2008. The Order incorrectly found the plain language of the applicable agreements and tariffs ambiguous and conditioned its withdrawal from PJM on continuing to pay Locational Reliability (i.e., RPM capacity charges) even after it no longer serves load in PJM.
• 02.19.2008 Docket No. EL08-34-000 (PDF)
  On 2/19/08, PJM filed its answer to the Maryland PSC complaint in Docket No. EL08-34, which asks FERC to eliminate the current offer-capping exemptions for certain recently built generators and for sales on certain intra-PJM interfaces. In its answer, PJM stated that it would not be opposed to FERC reconsidering as a policy matter whether to revisit the balance it struck when it adopted the construction exemption. PJM argued, however, that the Complaint's claim that the exempt units have exercised market power is not persuasive. PJM also asked FERC to dismiss the complaint as to the exempt interfaces, in deference to the PJM stakeholder process that is considering that issue along with possible changes to scarcity pricing. Finally, PJM showed that, contrary to the claims in the Complaint, PJM has not violated its tariff, so the MdPSC cannot rely on that allegation as a basis for seeking refunds back to 2006.
• 02.15.2008 Docket No. ER08-570-000-Foreign (PDF)
  On February 15, 2008, in Docket No. ER08-570-000, PJM Interconnection, L.L.C., submitted revisions to its credit policy (Attachment Q of the OATT) that permit PJM to accept guaranties from entities located in foreign countries, provided that each of the guarantors, the host country and the guaranty itself meet specified criteria. PJM is requesting an effective date of April 15, 2008.
• 02.15.2008 Docket No. ER08-569-000UCR (PDF)
  On February 15, 2008, in Docket No. ER08-569-000, PJM Interconnection, L.L.C., submitted revisions to its credit policy (Attachment Q of the OATT) that permit PJM to establish Unsecured Credit rights for net sellers that meet certain requirements. The purpose is to effectively reduce qualified net sellers' Financial Security obligations by allowing Unsecured Credit in recognition of the potential value of consistent net positive sales positions (i.e. sales exceeding purchases) in the PJM Interchange Energy Market ("PJM Market").
• 02.14.2008 Docket No. ER08-xxx-000DomVA (PDF)
  On February 15, 2008, Virginia Electric and Power Company, doing business as Dominion Virginia Power, filed to revise its Attachment H-16D under the PJM Tariff to include a stated rate for wholesale distribution service for WM Renewable Energy, L.L.C. and a related wholesale distribution service agreement.
• 02.14.2008 Docket No. ER08-516-000 (PDF)
  On February 14, 2008, PJM submitted in Docket No. ER08-516-000 corrections to the study supporting the revisions proposed to the Cost of New Entry, which PJM uses to establish the VRR Curve parameters in RPM. The corrections replace the term "return on equity " or "ROE" on pages 4-5 and 17-19 with the term "internal rate or return" or "IRR". This correction has no material impact on the study's conclusions.
• 02.14.2008 Docket No. ER08-221-xxx (PDF)
  On February 14, 2008, PJM filed at FERC a response to a deficiency letter issued on January 11, 2008 by the Commission regarding an executed interconnection service agreement among PJM Interconnection, L.L.C., Ameresco Stafford L.L.C., and Virginia Electric and Power in FERC Docket No. ER08-221.
• 02.11.2008 Docket No. ER08-363-xxx (PDF)
  On February 11, 2008, PJM submitted an Errata to its February 7, 2007 response to the Commission's January 8, 2008 deficiency letter regarding PJM's December 21, 2007 filing of an executed interconnection service agreement and executed construction service agreement among PJM, James River Cogeneration Company, and Virginia Electric and Power Company.
• 02.11.2008 Docket No. EL08-36-000 (PDF)
  On February 11, 2008, PJM submitted, in Docket No. EL08-36-000, for filing an Answer to the complaint of Dominion Resources Services, Inc.
• 02.11.2008 Docket No. ER08-221-000 (PDF)
  On February 11, 2008, PJM filed a Motion for An Extension of Time, in Docket No. ER08-221-000, to submit a response to the deficiency letter regarding the Interconnection Service Agreement among PJM, Ameresco Stafford L.L.C., and Dominion Virginia Electric Power regarding queue position T10.
• 02.08.2008 Docket No. ER08-376-000 (PDF)
  On February 8, 2008, PJM filed a Motion for Leave to Answer and Answer, in Docket No. ER08-376-000, in order to respond to certain requests and comments raised in protests regarding PJM's proposal reform its credit policies, particular with respect to counterflow FTRs.
• 02.08.2008 Docket No. ER08-455-000 (PDF)
  On February 8, 2008, in Docket No. ER08-455-000, PJM Interconnection, L.L.C. ("PJM") submitted a letter to the Commission requesting a one-week extension of time for the comment due date to be February 15, 2008 (per the initial Notice issued on February 7, 2008) regarding the PJM filing proposing revisions to the Default Allocation Assessment formula in section 15.2.2 of the PJM Operating Agreement
• 02.08.2008 ER08-547-000SECTOR (PDF)
  On February 8, 2008, in Docket No. ER08-547-000, PJM Interconnection, L.L.C. filed revisions to its Operating Agreement. The revisions are intended to facilitate the participation of Members in the sector that is most consistent with its business interests and activities in PJM. Specifically, the proposed revisions modify the Membership sector definitions, create a process for challenging Members' sector eligibility, and establish an Associate Membership category to enable entities with indirect interests in PJM's markets and/or operations to participate in the stakeholder process.
• 02.08.2008 ER08-549-000VEPC (PDF)
  On February 8, 2008, in Docket No. ER08-549-000, "Virginia Electric and Power Company, doing business as Dominion Virginia Power, filed to revise its Attachment H-16D under the PJM Tariff to include a stated rate for wholesale distribution service for Industrial Generating Power Company, L.L.C. and a related wholesale distribution service agreement."
• 02.08.2008 Docket No. ER08-544-000 (PDF)
  On February 8, 2008, in Docket No. ER08-544000, PJM submitted for filing certain revisions to RPM correcting errors in the provisions pertaining to (i) the criteria for determining whether a Second Incremental Auction to account for load growth prior to a Delivery Year is necessary, (ii) the level of available capacity subject to the must-offer requirement, and (iii) the definition of a Planned Generation Capacity Resource. PJM is requesting an effective date of April 8, 2008.