PJM addresses FERC credit concerns with new entity
PJM Settlement’s upcoming launch represents one US RTO’s attempt to address regulatory credit risk concerns, but others want a more diverse approach. Pauline McCallion reports
The decision by the US Federal Energy Regulatory Commission (FERC) on September 3, 2010 to conditionally approve the creation of PJM Settlement ties in with the regulator's initiative to reform credit risk management in organised wholesale electric markets. The new entity will operate separately from PJM Interconnection, the regional transmission operator (RTO) for 13 states and the District of
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