Committees & Groups

Issue Details

Interregional Incremental Auction Revenue Rights

PJM has identified a risk to Financial Transmission Right (FTR) market revenue funding when the awarding of IARRs for a Customer-Funded Upgrade request impacts current or future market-to-market flowgates. This risk of underfunding can occur because there is no mechanism for PJM to be granted the appropriate Firm Flow Entitlements (FFEs) associated with the external upgrades built for IARR requests. Any portion of the current FFEs for an impacted coordinated flowgate that is less than the 80% of the IARR MW total will result in FTR revenue inadequacy. PJM has coordinated with MISO and because MISO’s internal IARR rules they cannot guarantee future FFEs to PJM for PJM member requested IARRs. PJM wishes to receive member input on how to best document and implement any potential enhancements to address this concern.

Proposed Timeline

Issue initiated: 4.10.2019
Work begins: 5.15.2019
Target Completion: TBD
Actual Completion: TBD

Issue Details

Stakeholder Body Market Implementation Committee
Facilitator Hendrzak, Chantal Aimee N.
Subject Matter Expert Chmielewski, Brian
Problem Statement/
Issue Charge First Read
3.6.2019
Issue Catalyst PJM has identified a risk to the PJM membership when the awarding of IARRs for a Customer-Funded Upgrade request impacts current or future coordinated flowgates.
Issue Status Closed
Manual Changes No
Agreement Changes Operating Agreement, Open Access Transmission Tariff
  • Stakeholder Process Step

  • Completed Approved
  • Completed Education
  • Completed Interest
  • Completed Design
  • Completed Options
  • Completed Packages
  • Completed Consensus
  • Completed Review
  • Completed Completed