Committees & Groups

Issue Details

Surety Bonds Opportunity

The goal of this problem statement is to initiate discussion regarding PJM’s Credit Policy and collateral definition within the Open Access Transmission Tariff that prohibits the use of surety bonds as an acceptable form of collateral. Allowing the use of this instrument warrants discussion and analysis as it will help market participants manage and optimize their collateral costs, while having minimal effect on PJM’s non-payment risk profile.

Issue Details

Strategic Focus Area: Administration
Issue Status: Awaiting Senior Committee Approval
Stakeholder Body: Credit Subcommittee
Stakeholder Process Status: Consensus
Issue Catalyst: Presented by Sharon Midgley, Exelon
Date Created: 1.11.2018
MC Approval Date:
Target Completion Date: 9.30.2018
Actual Completion Date:
FERC Filing(s): TBD
Agreement Change(s):
Manual Change(s): No
MC Annual Plan: 2019
Date Documents
12.6.2018 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Consent Agenda A - Draft Minutes - MRC - 10.25.2018  PDF
Consent Agenda A - Draft Minutes - MRC - 10.25.2018  PDF
Item 4 - Draft Standard Form of Surety Bond  PDF
Item 4 - Surety Bond Proposal - Exelon Presentation  PDF
Item 4 - Surety Bond Proposals Presentation  PDF
Item 4 - Draft Standard Form of Surety Bond  PDF
Item 4 - Surety Bond Proposal - Exelon Presentation  PDF
Item 4 - Surety Bond Proposals Presentation  PDF
2.12.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Draft Minutes - CS - 1.11.2018  PDF
Draft Minutes - CS - 1.11.2018  PDF
Item 1 - Exelon Surety Bond Presentation  PDF
Item 1 - Exelon Surety Bond Presentation  PDF
6.15.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  DOC
Agenda  PDF
Agenda  DOC
Draft Minutes - CS - 6.4.2018  PDF
Item 1 - Draft PJM Surety Bond Language  PDF
Draft Minutes - CS - 6.4.2018  PDF
Item 1 - Draft PJM Surety Bond Language  PDF
10.10.2018 Meeting materials from the MIC meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 1 - Draft Minutes - MIC - 9.12.2018  PDF
Item 1 - Draft Minutes - MIC - 9.12.2018  PDF
Item 5A1 - Surety Bond Proposals  PDF
Item 5A2 - Attachment Q - Mark Up for Surety Bonds  PDF
Item 5B - Exelon Surety Bond Proposal  PDF
Item 5A1 - Surety Bond Proposals  PDF
Item 5A2 - Attachment Q - Mark Up for Surety Bonds  PDF
Item 5B - Exelon Surety Bond Proposal  PDF
12.20.2018 Meeting materials from the MRC meeting
Consent Agenda A - Draft 12.6.2018 MRC Minutes  PDF
Consent Agenda A - Draft 12.6.2018 MRC Minutes  PDF
10.22.2018 Meeting materials from the MC Webinar meeting
Item 8B - MIC Report  PDF
Item 8B - MIC Report  PDF
9.24.2018 Meeting materials from the MC Webinar meeting
Item 9B - MIC Report  PDF
Item 9B - MIC Report  PDF
9.28.2018 Meeting materials from the CS meeting
Draft Minutes - CS - 9.17.2018  PDF
Draft Minutes - CS - 9.17.2018  PDF
11.7.2018 Meeting materials from the MIC meeting
Item 1 - Draft Minutes - MIC - 10.10.2018  PDF
Item 1 - Draft Minutes - MIC - 10.10.2018  PDF
8.21.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Draft Minutes - CS - 7.24.2018  PDF
Item 1A - Surety Bond Poll Results  PDF
Draft Minutes - CS - 7.24.2018  PDF
Item 1A - Surety Bond Poll Results  PDF
Item 1B - Exelon Surety Bond Proposal  PDF
Item 1B - Exelon Surety Bond Proposal  PDF
Item 1C - Surety Bond Options Matrix  XLS
Item 1C - Surety Bond Options Matrix  XLS
7.24.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Draft Minutes - CS - 7.13.2018  PDF
Draft Minutes - CS - 7.13.2018  PDF
Item 1A - Surety Bond Provisions  PDF
Item 1A - Surety Bond Provisions  PDF
Item 1B - Attachment Q - Redline - Surety Bond Provisions  PDF
Item 1B - Attachment Q - Redline - Surety Bond Provisions  PDF
12.3.2018 Meeting materials from the MC Webinar meeting
Item 6A - MRC Report  PDF
Item 6A - MRC Report  PDF
10.25.2018 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  DOC
Agenda  PDF
Agenda  DOC
Item 10 - Draft Standard Form of Surety Bond  PDF
Item 10 - Surety Bond Attachment Q Redline  PDF
Item 10 - Surety Bond Exelon Proposal Presentation  PDF
Item 10 - Surety Bond Proposals Presentation  PDF
Item 10 - Draft Standard Form of Surety Bond  PDF
Item 10 - Surety Bond Attachment Q Redline  PDF
Item 10 - Surety Bond Exelon Proposal Presentation  PDF
Item 10 - Surety Bond Proposals Presentation  PDF
1.11.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 1A - Surety Bonds Opportunity Problem Statement  PDF
Item 1B - Surety Bonds Opportunity Issue Charge  PDF
Item 1A - Surety Bonds Opportunity Problem Statement  PDF
Item 1B - Surety Bonds Opportunity Issue Charge  PDF
9.12.2018 Meeting materials from the MIC meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 10A1 - Surety Bonds Proposals - CS Poll Results  PDF
Item 10A2 - Attachment Q - Markup for Surety Bonds  PDF
Item 10B - Exelon Surety Bond Proposal  PDF
Item 10A1 - Surety Bonds Proposals - CS Poll Results  PDF
Item 10A2 - Attachment Q - Markup for Surety Bonds  PDF
Item 10B - Exelon Surety Bond Proposal  PDF
7.13.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Draft Minutes - CS - 6.15.2018  PDF
Draft Minutes - CS - 6.15.2018  PDF
Item 4 - Surety Bonds Language Exelon Redlines  PDF
Item 4 - Surety Bonds Language Exelon Redlines  PDF
1.22.2019 Meeting materials from the MC Webinar meeting
Item 7A - MRC Report - 12.6.2018  PDF
Item 7A - MRC Report - 12.6.2018  PDF
5.18.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Minutes  PDF
Minutes  PDF
Item 3 - Attachment Q - Baseline 6.1.2017 - Redline for Surety Bonds  PDF
Item 3 - Attachment Q - Baseline 6.1.2017 - Redline for Surety Bonds  PDF
4.10.2018 Meeting materials from the CS meeting
Draft Minutes - CS - 3.14.2018  PDF
Draft Minutes - CS - 3.14.2018  PDF
9.17.2018 Meeting materials from the CS meeting
Agenda  PDF
Draft Minutes - CS - 8.21.2018  PDF
Agenda  PDF
Item 1 - Surety Bond Proposals - CS Poll Results  PDF
Draft Minutes - CS - 8.21.2018  PDF
Item 1 - Surety Bond Proposals - CS Poll Results  PDF
11.9.2017 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 2C - Surety Bond Issue Charge  PDF
Item 2C - Surety Bond Issue Charge  PDF
6.4.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Draft Minutes - CS - 5.18.2018  PDF
Draft Minutes - CS - 5.18.2018  PDF
Item 2 - Draft PJM Surety Bond Language  PDF
Item 2 - Draft PJM Surety Bond Language  PDF
5.30.2019 Meeting materials from the MRC meeting
Consent Agenda A - Draft Minutes - MRC - 4.25.2019  PDF
Consent Agenda A - Draft Minutes - MRC - 4.25.2019  PDF
3.14.2018 Meeting materials from the CS meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Draft Minutes - CS - 2.12.2018  PDF
Draft Minutes - CS - 2.12.2018  PDF
Item 1 - Surety Bonds  PDF
Item 1 - Surety Bonds  PDF
Date Type Documents
There are no governing documents currently associated with this issue