PJM Files FTR Rules Changes

On Monday, October 19, PJM filed with the Federal Energy Regulatory Commission a package of Financial Transmission Rights rule changes.

The PJM Board directed PJM staff to file the changes at its October 15 meeting.

Because changes must be made to two documents, the 206 filing is to change the PJM Operating Agreement language and the 205 filing is to change the PJM Tariff language.

In making this decision, the board took into account the near two-thirds consensus achieved through the stakeholder process. It also considered the need to address the equity issues associated with the current rules by which:

  • the transmission system is planned to ensure future feasibility of Stage 1A auction revenue rights, and
  • revenue inadequacy is allocated among holders of both positively and negatively valued FTRs.

PJM requests that the FERC take action on the filing by Jan. 1, 2016 in order to provide adequate notice prior to the upcoming 2016 annual Auction Revenue Rights allocation and FTR auction process.