On January 24, 2020, in Docket No. AD20-6-000, the ISO-RTO Council (IRC) submitted a response to Energy Trading Institute’s Request for Technical Conference and Petition for Rulemaking to Update Credit and Risk Management Rules and Procedures in Organized Markets filed on December 16, 2019. The IRC supports efforts to ensure effective credit policies are in place in organized electricity markets, but requests that the Commission not schedule the requested technical conference or commence a rulemaking proceeding at this time. Specifically, the IRC requests that the Commission allow individual RTOs and ISOs to address their respective credit and risk management issues, allow these organized markets sufficient time to gain experience with these rules, and then consider the best path forward to facilitate a dialogue on best practices and potential points of alignment among the RTOs and ISOs.

On January 23, 2020, in Docket No. ER19-2722-000, the Commission issued an order holding PJM’s fast-start pricing proceeding in abeyance until July 31, 2020, to allow PJM and its stakeholders the opportunity to fully consider necessary changes to address what the Commission described as a misalignment in pricing and dispatch, in conjunction with the compliance directives of the Commission’s Order on Paper Hearing.

On January 23, 2020, in Docket No. ER18-2068-005, PJM submitted for filing, in compliance with the Settlement Agreement approved by the Commission on December 30, 2019, an eTariff record of the Settlement Agreement for inclusion in the PJM Tariff. The Settlement Agreement addresses PJM’s waiver request of certain Financial Transmission Rights (FTR) liquidation rules to close out and liquidate the FTR portfolio of a defaulted PJM member. PJM is requesting an effective date of December 30, 2019.