PJM Coronavirus (COVID-19) Information

Committees & Groups

Issue Details

Financial Risk Mitigation

The Financial Risk Mitigation Senior Task Force (FRMSTF) will evaluate the recommendations in the Report of the Independent Consultants on the GreenHat Default related to Market rules updates, Credit and risk management rules updates, Membership qualifications and processes updates, and Stakeholder process changes. The FRMSTF reports to the Markets and Reliability Committee (MRC).

Issue Details

Strategic Focus Area: Markets
Issue Status: Solution Alternatives Proposed
Stakeholder Body: Financial Risk Mitigation Senior Task Force
Stakeholder Process Status: Packages
Issue Catalyst: PJM / Greenhat default
Date Created: 4.25.2019
MC Approval Date:
Target Completion Date: 12.31.2019
Actual Completion Date:
FERC Filing(s): Yes
Agreement Change(s): Open Access Transmission Tariff, Operating Agreement
Manual Change(s): No
MC Annual Plan: 2020
Date Documents
9.5.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Item 3 - Publication Schedule  PDF
Item 4 - Events & Market Participant Termination  PDF
Item 3 - Publication Schedule  PDF
Item 5 - Establishing Financial Criteria Assessment & Credit Policy Enhancements for FTR Market Participation  PDF
Item 4 - Events & Market Participant Termination  PDF
Item 5 - Establishing Financial Criteria Assessment & Credit Policy Enhancements for FTR Market Participation  PDF
Item 6 - IMM Auction Value - DA Difference  PDF
Item 6 - IMM Auction Value - DA Difference  PDF
Item 7 - Markets Track Options Matrix with Stakeholder Alternatives  XLS
Item 7 - Markets Track Options Matrix with Stakeholder Alternatives  XLS
10.30.2019 Meeting materials from the MC Webinar meeting
Item 9A - MRC Report  PDF
Item 9A - MRC Report  PDF
Item 9G - FRMSTF Report  PDF
Item 9G - FRMSTF Report  PDF
6.6.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Item 1 - Draft Minutes - FRMSTF - 5.13.2019  PDF
Item 3 - Draft FRMSTF Publication Schedule  PDF
Item 1 - Draft Minutes - FRMSTF - 5.13.2019  PDF
Item 5 - Additional Financial Transmission Rights Education  PDF
Item 3 - Draft FRMSTF Publication Schedule  PDF
Item 5 - Informational Only - Comparison of Congestion Hedging Markets and Auction Revenue Allocations  XLS
Item 5 - Additional Financial Transmission Rights Education  PDF
Item 6 - IMM Financial Transmission Rights - Presentation  PDF
Item 5 - Informational Only - Comparison of Congestion Hedging Markets and Auction Revenue Allocations  XLS
Item 7 - PJM Schedule 9 Stated Rates - Overview  PDF
Item 6 - IMM Financial Transmission Rights - Presentation  PDF
Item 8 - ISO/RTO Credit Comparison  PDF
Item 7 - PJM Schedule 9 Stated Rates - Overview  PDF
Item 9 - Framing Questions - Stakeholder Feedback with Survey Responses  PDF
Item 8 - ISO/RTO Credit Comparison  PDF
Item 9 - Summary of Stakeholder Responses to Framing Questions  PDF
Item 9 - Framing Questions - Stakeholder Feedback with Survey Responses  PDF
Stakeholder Feedback - Rankings of Work Streams  PDF
Item 9 - Summary of Stakeholder Responses to Framing Questions  PDF
Stakeholder Feedback - Rankings of Work Streams  PDF
8.14.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 7.17.2019  PDF
Item 4 - Work Plan  PDF
Item 5 - Due Diligence & Assessment Criteria Process - Position Paper  PDF
Item 5 - Due Diligence & Assessment Criteria Process - Presentation  PDF
Item 6 - PJM Authorities & Discretion to Deny or Revoke Trading Rights  PDF
Item 7 - Stakeholder Process Changes (Governance) - Options Packages Matrix - Updated  XLS
Item 8A - Markets Track Options Matrix  XLS
Agenda  PDF
Item 8B - Vitol - Rolling FTR Auction  PDF
Agenda  DOC
Publication Schedule  PDF
Item 1 - Draft Minutes - FRMSTF - 7.17.2019  PDF
Item 4 - Work Plan  PDF
Item 5 - Due Diligence & Assessment Criteria Process - Position Paper  PDF
Item 5 - Due Diligence & Assessment Criteria Process - Presentation  PDF
Item 6 - PJM Authorities & Discretion to Deny or Revoke Trading Rights  PDF
Item 7 - Stakeholder Process Changes (Governance) - Options Packages Matrix - Updated  XLS
Item 8A - Markets Track Options Matrix  XLS
Item 8B - Vitol - Rolling FTR Auction  PDF
Publication Schedule  PDF
10.31.2019 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  PDF
Consent Agenda A - Draft Minutes - MRC - 9.26.2019  PDF
Consent Agenda A - Draft Minutes - MRC - 9.26.2019  PDF
Item 6 - FTR Product Range & Auction Process Presentation  PDF
Item 6 - Manual 6 Revisions - Executive Summary  PDF
Item 6 - FTR Product Range & Auction Process Presentation  PDF
Item 6 - Manual 6 Revisions - Executive Summary  PDF
Item 6 - Manual 6 6.1 Revisions - Redlines  PDF
Item 6 - Manual 6 6.1 Revisions - Redlines  PDF
Item 6 - Manual 6 6.3 Revisions - Redlines  PDF
Item 6 - Manual 6 6.3 Revisions - Redlines  PDF
Item 6 - OA Schedule 1 Revisions - Redlines  PDF
Item 6 - OA Schedule 1 Revisions - Redlines  PDF
12.17.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 12.9.2019  PDF
Item 2 - Voting Timeline  PDF
Agenda  PDF
Item 2 - Work Plan  PDF
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 12.9.2019  PDF
Item 3 - Voting Results - Presentation  PDF
Item 2 - Voting Timeline  PDF
Item 3B - Tariff Attachment Q - Redline  PDF
Item 3B - Tariff Attachment Q - Redline  DOC
Item 2 - Work Plan  PDF
Item 3 - Voting Results - Presentation  PDF
Item 3B - OATT Attachment DD - Redline  PDF
Item 3B - Tariff Attachment Q - Redline  PDF
Item 3B - OATT Attachment DD 5.5 - Redline  PDF
Item 3B - Tariff Attachment Q - Redline  DOC
Item 3B - OATT Attachment DD 5.5 - Redline  DOC
Item 3B - OATT Attachment DD - Redline  PDF
Item 3B - Attachment DD 5.6 - Redline  PDF
Item 3B - OATT Attachment DD 5.5 - Redline  PDF
Item 3B - Attachment DD 5.6 - Redline  DOC
Item 3B - OATT Attachment DD 5.5 - Redline  DOC
Item 3B - Definitions - Redline  PDF
Item 3B - Attachment DD 5.6 - Redline  PDF
Item 3B - Definitions - Redline  DOC
Item 3B - Attachment DD 5.6 - Redline  DOC
Item 3B - OA Section 15 - Redline  PDF
Item 3B - Definitions - Redline  PDF
Item 3B - OA Section 15 - Redline  DOC
Item 3B - Definitions - Redline  DOC
Item 3B - OA Section 15 - Redline  PDF
Item 3B - OA Schedule 1 Section 1.4 - Redline  DOC
Item 3B - OA Section 15 - Redline  DOC
Item 3B - OA Section 11.6 Membership Requirements - Redline  PDF
Item 3B - OA Schedule 1 Section 1.4 - Redline  DOC
Item 3B - OA Section 11.6 Membership Requirements - Redline  DOC
Item 3B - OA Section 11.6 Membership Requirements - Redline  PDF
Item 3B - OA Section 11.6 Membership Requirements - Redline  DOC
2.26.2020 Meeting materials from the MRC Special Session - Market Participant Risk Evaluation & Enhancement Page Turn meeting
Agenda  PDF
Agenda  DOC
Item 1A - OATT and OA Credit Definitions  PDF
Item 1B - OA Schedule 1 Section 1.4  PDF
Item 1B - OA Section 11.6 Membership Requirements Revisions  PDF
Item 1B - OA Section 15  PDF
Agenda  PDF
Item 1C - OATT Attachment DD 4  PDF
Item 1C - OATT Attachment DD 5.5  PDF
Agenda  DOC
Item 1C - OATT Attachment DD 5.6  PDF
Item 1A - OATT and OA Credit Definitions  PDF
Item 1D - OATT Attachment Q  PDF
Item 1B - OA Schedule 1 Section 1.4  PDF
Item 1D - OATT Attachment Q - Cross Reference  PDF
Item 1B - OA Section 11.6 Membership Requirements Revisions  PDF
Item 1 - Market Participant Risk Evaluation Enhancements Matrix with Tariff References  XLS
Item 1B - OA Section 15  PDF
Item 1C - OATT Attachment DD 4  PDF
Attachment DD 5.6  DOC
Item 1C - OATT Attachment DD 5.5  PDF
Definitions  DOC
Item 1C - OATT Attachment DD 5.6  PDF
OA Section 11.6 Membership Requirements - Revisions  DOC
Item 1D - OATT Attachment Q  PDF
OA Section 15  DOC
Item 1D - OATT Attachment Q - Cross Reference  PDF
OATT Attachment DD 5.5  DOC
Item 1 - Market Participant Risk Evaluation Enhancements Matrix with Tariff References  XLS
OATT Attachment DD 4  DOC
Attachment DD 5.6  DOC
OA Schedule 1 Section 1.4  DOC
Tariff Attachment Q  DOC
Definitions  DOC
OA Section 11.6 Membership Requirements - Revisions  DOC
OA Section 15  DOC
OATT Attachment DD 5.5  DOC
OATT Attachment DD 4  DOC
OA Schedule 1 Section 1.4  DOC
Tariff Attachment Q  DOC
1.23.2020 Meeting materials from the MC meeting
Consent Agenda B - FTR Product Range & Auction Process - Presentation  PDF
Consent Agenda B - Manual 6 Revisions - Executive Summary  PDF
Consent Agenda B - Manual 6 6.1 Revisions - Redlines  PDF
Consent Agenda B - Manual 6 6.3 Revisions - Redlines  PDF
Consent Agenda B - Operating Schedule 1 Revisions - Redlines  PDF
Consent Agenda B - FTR Product Range & Auction Process - Presentation  PDF
Consent Agenda B - Manual 6 Revisions - Executive Summary  PDF
Consent Agenda B - Manual 6 6.1 Revisions - Redlines  PDF
Consent Agenda B - Manual 6 6.3 Revisions - Redlines  PDF
Consent Agenda B - Operating Schedule 1 Revisions - Redlines  PDF
12.2.2019 Meeting materials from the MC Webinar meeting
Item 9A - MRC Report  PDF
Item 9A - MRC Report  PDF
Item 9G - FRMSTF Report  PDF
Item 9G - FRMSTF Report  PDF
12.19.2019 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Consent Agenda A - Draft Minutes - MRC - 12.5.2019  PDF
Consent Agenda A - Draft Minutes - MRC - 12.5.2019  PDF
Item 1 - FTR Product Range and Auction Process - Presentation  PDF
Item 1 - Manual 6 - Revisions - Executive Summary  PDF
Item 1 - Manual 6 - 6.1 Revisions - Redlines  PDF
Item 1 - Manual 6 - 6.3 Revisions - Redlines  PDF
Item 1 - FTR Product Range and Auction Process - Presentation  PDF
Item 1 - Manual 6 - Revisions - Executive Summary  PDF
Item 1 - OA Schedule 1 Revisions - Redlines  PDF
Item 1 - Manual 6 - 6.1 Revisions - Redlines  PDF
Item 1 - Manual 6 - 6.3 Revisions - Redlines  PDF
Item 1 - OA Schedule 1 Revisions - Redlines  PDF
Item 8 - FRMSTF Update - Presentation  PDF
Item 8 - Attachment Q - Redline  PDF
Item 8 - OATT Attachment DD - Redline  PDF
Item 8 - OATT Attachment DD 5.5 - Redline  PDF
Item 8 - Attachment DD 5.6 - Redline  PDF
Item 8 - FRMSTF Update - Presentation  PDF
Item 8 - Definitions - Redline  PDF
Item 8 - Attachment Q - Redline  PDF
Item 8 - OA Section 15 - Redline  PDF
Item 8 - OATT Attachment DD - Redline  PDF
Item 8 - OA Schedule 1 Section 1.4 - Redline  PDF
Item 8 - OATT Attachment DD 5.5 - Redline  PDF
Item 8 - OA Section 11.6 Membership Requirements - Redline  PDF
Item 8 - Attachment DD 5.6 - Redline  PDF
Item 8 - Best Practices in Risk Management and Credit Policy Updates - Information Only  PDF
Item 8 - Definitions - Redline  PDF
Item 8 - OA Section 15 - Redline  PDF
Item 8 - OA Schedule 1 Section 1.4 - Redline  PDF
Item 8 - OA Section 11.6 Membership Requirements - Redline  PDF
Item 8 - Best Practices in Risk Management and Credit Policy Updates - Information Only  PDF
12.9.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 11.21.2019  PDF
Item 2 - Voting Timeline  PDF
Agenda  PDF
Item 2 - Work Plan  PDF
Agenda  DOC
Item 3 - FTR Revenue Concerns  PDF
Item 1 - Draft Minutes - FRMSTF - 11.21.2019  PDF
Item 4 - Stakeholder Governance - Updated Matrix  XLS
Item 2 - Voting Timeline  PDF
Item 5 - Risk Model - Coops  PDF
Item 2 - Work Plan  PDF
Item 5 - Risk Model - Munis  PDF
Item 3 - FTR Revenue Concerns  PDF
Item 6 - Market Participant Risk Evaluation Enhancements Matrix - Updated 12.11.2019  XLS
Item 4 - Stakeholder Governance - Updated Matrix  XLS
Item 5 - Risk Model - Coops  PDF
Item 5 - Risk Model - Munis  PDF
Item 6 - Market Participant Risk Evaluation Enhancements Matrix - Updated 12.11.2019  XLS
5.13.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  DOC
Item 2 - Work Plan  PDF
Item 3 - Stakeholder Process Participation Education  PDF
Item 4 - Observations on the Report of the Independent Consultants on the GreenHat Default Recommendations  PDF
Agenda  PDF
Financial Risk Mitigation Principles and Framing Questions  PDF
Agenda  DOC
Item 2 - Work Plan  PDF
Item 3 - Stakeholder Process Participation Education  PDF
Item 4 - Observations on the Report of the Independent Consultants on the GreenHat Default Recommendations  PDF
Financial Risk Mitigation Principles and Framing Questions  PDF
11.21.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Item 1 - Draft Minutes - FRMSTF - 11.7.2019  PDF
Item 1 - Draft Minutes - FRMSTF - 11.7.2019  PDF
Item 2 - Voting Timeline  PDF
Item 2 - Voting Timeline  PDF
Item 2 - Work Plan  PDF
Item 2 - Work Plan  PDF
Item 4 - Stakeholder Governance - Updated Matrix  XLS
Item 4 - Stakeholder Governance - Updated Matrix  XLS
Item 5 - Credit Scoring Models  PDF
Item 5 - Credit Scoring Models  PDF
Item 5 - Credit Scoring Models - Presentation  PDF
Item 5 - Credit Scoring Models - Presentation  PDF
Item 6 - Establishing Best Credit Practices & Credit Policy Enhancements  PDF
Item 6 - Establishing Best Credit Practices & Credit Policy Enhancements  PDF
Item 6 - Market Participant Risk Evaluation Enhancements Matrix  XLS
Item 6 - Market Participant Risk Evaluation Enhancements Matrix  XLS
Item 7 - Proposal to Enable Exchange Based Clearing of FTRs  PDF
Item 7 - Proposal to Enable Exchange Based Clearing of FTRs - Appendix B  PDF
Item 7 - Proposal to Enable Exchange Based Clearing of FTRs  PDF
Item 8 - Alternative Proposal for PJM Market Participant Risk Evaluation  PDF
Item 7 - Proposal to Enable Exchange Based Clearing of FTRs - Appendix B  PDF
Item 8 - Alternative Proposal for PJM Market Participant Risk Evaluation  PDF
9.23.2019 Meeting materials from the MC Webinar meeting
Item 7G - FRMSTF Report  PDF
Item 7G - FRMSTF Report  PDF
9.25.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 6 - External Clearing for PJM FTR Market  PDF
Item 6 - External Clearing for PJM FTR Market  PDF
Item 6 - External Clearing Implications, Benefits & Challenges  PDF
Item 6 - External Clearing Implications, Benefits & Challenges  PDF
Item 7 - Results of Risk Model Quantitative Analysis  PDF
Item 7 - Results of Risk Model Quantitative Analysis  PDF
Item 7 - Results of Risk Model Quantitative Analysis - Presentation  PDF
Item 7 - Results of Risk Model Quantitative Analysis - Presentation  PDF
9.27.2019 Meeting materials from the MEPETF meeting
Agenda  PDF
Agenda  PDF
1.13.2020 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  DOC
Comments - Bob O'Connell - Attachment DD 5.5 - Redline  PDF
Comments - Bob O'Connell - Operating Agreement Definitions - Redline  PDF
Comments - Bob O'Connell - Operating Agreement Schedule 1 - Section 1.4 - Redline  PDF
Agenda  PDF
Comments - Bob O'Connell - Operating Agreement Section 11.6 - Membership Requirements - Redline  PDF
Comments - Bob O'Connell - Operating Agreement Section 15 - Redline  PDF
Agenda  DOC
Comments - Bob O'Connell - Attachment DD 5.5 - Redline  PDF
Comments - Bob O'Connell - Tariff Attachment Q  PDF
Comments - DC Energy - Risk Enhancements for FRMSTF  PDF
Comments - Bob O'Connell - Operating Agreement Definitions - Redline  PDF
Comments - Exelon - Attachment Q Feedback  PDF
Comments - Bob O'Connell - Operating Agreement Schedule 1 - Section 1.4 - Redline  PDF
Comments - Financial Marketer Coalition on Proposed FRMSTF Tariff Language  PDF
Comments - Bob O'Connell - Operating Agreement Section 11.6 - Membership Requirements - Redline  PDF
Comments - Bob O'Connell - Operating Agreement Section 15 - Redline  PDF
Comments - H-P Energy Resources LLC - Tariff Revisions  PDF
Comments - Bob O'Connell - Tariff Attachment Q  PDF
Comments - PSEG - Attachment Q  PDF
Comments - DC Energy - Risk Enhancements for FRMSTF  PDF
Item 1 - Draft Minutes - FRMSTF - 12.17.2019  PDF
Comments - Exelon - Attachment Q Feedback  PDF
Item 2 - Tariff Attachment Q - Redline  PDF
Comments - Financial Marketer Coalition on Proposed FRMSTF Tariff Language  PDF
Item 2 - OATT Attachment DD 4 - Redline  PDF
Comments - H-P Energy Resources LLC - Tariff Revisions  PDF
Item 2 - OATT Attachment DD 5.5 - Redline  PDF
Item 2 - OATT Attachment DD 5.6 - Redline  PDF
Comments - PSEG - Attachment Q  PDF
Item 2 - Operating Agreement Section 11.6 - Membership Requirements - Redline  PDF
Item 1 - Draft Minutes - FRMSTF - 12.17.2019  PDF
Item 2 - Operating Schedule 1 - Section 1.4 - Redline  PDF
Item 2 - Tariff Attachment Q - Redline  PDF
Item 2 - Comparison of Redline Changes from December 2019 to January 2020  PDF
Item 2 - OATT Attachment DD 4 - Redline  PDF
Item 2 - Comparison of Attachment Q Redlines from December 2019 to January 2020  PDF
Item 2 - OATT Attachment DD 5.5 - Redline  PDF
Item 2 - FRMSTF General Themes  PDF
Item 2 - OATT Attachment DD 5.6 - Redline  PDF
Item 3 - Capitalization Consideration  PDF
Item 2 - Operating Agreement Section 11.6 - Membership Requirements - Redline  PDF
Informational Only - Effects of Proposed Increases in Minimum Capital Requirements  PDF
Item 2 - Operating Schedule 1 - Section 1.4 - Redline  PDF
Item 2 - Comparison of Redline Changes from December 2019 to January 2020  PDF
Item 2 - Comparison of Attachment Q Redlines from December 2019 to January 2020  PDF
Item 2 - FRMSTF General Themes  PDF
Item 3 - Capitalization Consideration  PDF
Informational Only - Effects of Proposed Increases in Minimum Capital Requirements  PDF
7.17.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  DOC
Informational Only - California Independent System Operator Corporation Reduction in Biddable Points - June 2018 FERC Order ER18-1344  PDF
Agenda  PDF
Item 1 - Draft Minutes - FRMSTF - 6.25.2019  PDF
Agenda  DOC
Item 2 - Work Plan  PDF
Informational Only - California Independent System Operator Corporation Reduction in Biddable Points - June 2018 FERC Order ER18-1344  PDF
Item 3 - Nodal Exchange Futures Clearing 101  PDF
Item 1 - Draft Minutes - FRMSTF - 6.25.2019  PDF
Item 4 - Initial Margin Methodology - Desktop Review  PDF
Item 2 - Work Plan  PDF
Item 5 - Discussion Paper - Position Limits & Liquidity Risk  PDF
Item 3 - Nodal Exchange Futures Clearing 101  PDF
Item 6 - Discussion Paper - Variation Margin & Settlement  PDF
Item 4 - Initial Margin Methodology - Desktop Review  PDF
Item 7 - Stakeholder Process Changes (Governance) - Options Packages Matrix  XLS
Item 5 - Discussion Paper - Position Limits & Liquidity Risk  PDF
Item 8A - PJM Financial Transmission Rights Product Range & Auction Process  PDF
Item 6 - Discussion Paper - Variation Margin & Settlement  PDF
Item 8B - Energy Trading Institute - Financial Transmission Rights Presentation  PDF
Item 7 - Stakeholder Process Changes (Governance) - Options Packages Matrix  XLS
Item 8C - CAISO Case Study  PDF
Item 8A - PJM Financial Transmission Rights Product Range & Auction Process  PDF
Item 8D - Basic Congestion Discussion  PDF
Item 8B - Energy Trading Institute - Financial Transmission Rights Presentation  PDF
Item 8D - IMM vs PJM Offset Table  PDF
Item 8C - CAISO Case Study  PDF
Item 8D - Basic Congestion Discussion  PDF
Item 8D - IMM vs PJM Offset Table  PDF
6.24.2019 Meeting materials from the MC Webinar meeting
Item 6G - FRMSTF Report  PDF
Item 6G - FRMSTF Report  PDF
10.18.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 9.24.2019 & 9.25.2019  PDF
Item 1 - Draft Minutes - FRMSTF - 9.24.2019 & 9.25.2019  PDF
Item 2 - Publication Schedule  PDF
Item 2 - Publication Schedule  PDF
Item 2 - Voting Timeline  PDF
Item 2 - Voting Timeline  PDF
Item 2 - Work Plan  PDF
Item 2 - Work Plan  PDF
Item 3 - Financial Transmission Rights Underfunding Review  PDF
Item 3 - Financial Transmission Rights Underfunding Review  PDF
Item 4 - Financial Transmission Rights Product Range & Auction Process - Operating Agreement Redlines  PDF
Item 4 - Financial Transmission Rights Product Range & Auction Process - Operating Agreement Redlines  PDF
Item 5 - Credit Analysis Overview  PDF
Item 5 - Credit Analysis Overview  PDF
Item 6 - Credit & Collateral Best Practices  PDF
Item 6 - Credit & Collateral Best Practices  PDF
3.26.2020 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  PDF
Consent Agenda A - Draft Minutes - MRC - 2.20.2020  PDF
Consent Agenda A - Draft Minutes - MRC - 2.20.2020  PDF
Item 2 - Credit Rating & Internal Credit Score - PSEG Friendly Amendment  PDF
Item 2 - Definition of Market Participant - Friendly Amendment  PDF
Item 2 - Risk Management - PSEG Friendly Amendment  PDF
Item 2 - Unsecured Credit Allowance - PSEG Friendly Amendment  PDF
Item 2 - Tariff Definitions  PDF
Item 2 - Credit Rating & Internal Credit Score - PSEG Friendly Amendment  PDF
Item 2 - Operating Agreement Definitions  PDF
Item 2 - Definition of Market Participant - Friendly Amendment  PDF
Item 2 - Tariff Attachment DD  PDF
Item 2 - Risk Management - PSEG Friendly Amendment  PDF
Item 2 - OA & Tariff Markets Provisions  PDF
Item 2 - Unsecured Credit Allowance - PSEG Friendly Amendment  PDF
Item 2 - Operating Agreement Membership Provisions  PDF
Item 2 - Tariff Definitions  PDF
Item 2 - Tariff Attachment Q  PDF
Item 2 - Operating Agreement Definitions  PDF
Item 2 - Credit Revisions Since Second Page Turn  PDF
Item 2 - Credit Revisions Since Second Page Turn - Operating Agreement, Section 1.4  PDF
Item 2 - Tariff Attachment DD  PDF
Item 2 - OA & Tariff Markets Provisions  PDF
Item 2 - Credit Revisions Since Second Page Turn - Operating Agreement, Section 1.5  PDF
Item 2 - Operating Agreement Membership Provisions  PDF
Item 2 - Credit Revisions Since Second Page Turn - Operating Agreement, Section 11.6  PDF
Item 2 - Tariff Attachment Q  PDF
Item 2 - Credit Revisions Since Second Page Turn  PDF
Item 2 - Credit Revisions Since Second Page Turn - Tariff, Attachment Q  PDF
Item 2 - Credit Revisions Since Second Page Turn - Operating Agreement, Section 1.4  PDF
Item 2 - Principal - Elwood Energy Friendly Amendment  PDF
Item 2 - Credit Revisions Since Second Page Turn - Operating Agreement, Section 1.5  PDF
Item 2 - Credit Revisions Since Second Page Turn - Operating Agreement, Section 11.6  PDF
Item 2 - Credit Revisions Since Second Page Turn - Tariff, Attachment Q  PDF
Item 2 - Principal - Elwood Energy Friendly Amendment  PDF
3.13.2020 Meeting materials from the MRC Special Session - Market Participant Risk Evaluation & Enhancement Page Turn meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Information Only - OATT Attachment DD 4  PDF
Information Only - OATT Attachment DD 4  PDF
Information Only - OATT Attachment DD 5.5  PDF
Information Only - OATT Attachment DD 5.5  PDF
Information Only - OATT Attachment DD 5.6  PDF
Information Only - OATT Attachment DD 5.6  PDF
Item 2A - OATT & OA Definitions  PDF
Item 2A - OATT & OA Definitions  PDF
Item 2B - OA Section 11.6 - Membership Requirements  PDF
Item 2B - OA Section 15  PDF
Item 2B - OA Section 11.6 - Membership Requirements  PDF
Item 2B - OA Schedule 1 - Section 1.4  PDF
Item 2B - OA Section 15  PDF
Item 2C - Tariff Attachment Q  PDF
Item 2B - OA Schedule 1 - Section 1.4  PDF
Item 2C - Tariff Attachment Q - Comparison to First Page Turn  PDF
Item 2C - Tariff Attachment Q  PDF
Item 2C - Tariff Attachment Q - Comparison to First Page Turn  PDF
3.26.2020 Meeting materials from the MC meeting
Agenda  PDF
Consent Agenda A - Draft Minutes - MC - 1.23.2020  PDF
Agenda  PDF
Consent Agenda A - Draft Minutes - MC - 1.23.2020  PDF
Item 2 - Principal - Elwood Energy Friendly Amendment  PDF
Item 2 - Credit Rating & Internal Score - PSEG Friendly Amendment  PDF
Item 2 - Definition of Market Participant - Friendly Amendment  PDF
Item 2 - OA & Tariff Markets Provisions  PDF
Item 2 - Operating Agreement Definitions  PDF
Item 2 - Principal - Elwood Energy Friendly Amendment  PDF
Item 2 - Operating Agreement Membership Provisions  PDF
Item 2 - Credit Rating & Internal Score - PSEG Friendly Amendment  PDF
Item 2 - Risk Management - PSEG Friendly Amendment  PDF
Item 2 - Definition of Market Participant - Friendly Amendment  PDF
Item 2 - Tariff Attachment DD  PDF
Item 2 - OA & Tariff Markets Provisions  PDF
Item 2 - Tariff Attachment Q  PDF
Item 2 - Operating Agreement Definitions  PDF
Item 2 - Tariff Definitions  PDF
Item 2 - Operating Agreement Membership Provisions  PDF
Item 2 - Unsecured Credit Allowance - PSEG Friendly Amendment  PDF
Item 2 - Risk Management - PSEG Friendly Amendment  PDF
Item 2 - Tariff Attachment DD  PDF
Item 2 - Tariff Attachment Q  PDF
Item 2 - Tariff Definitions  PDF
Item 2 - Unsecured Credit Allowance - PSEG Friendly Amendment  PDF
8.19.2019 Meeting materials from the MC Webinar meeting
Item 6G - FRMSTF Report  PDF
Item 6G - FRMSTF Report  PDF
3.30.2020 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 1.13.2020  PDF
Item 1 - Draft Minutes - FRMSTF - 1.13.2020  PDF
Item 3 - Work Plan  PDF
Item 3 - Work Plan  PDF
Item 4 - Initial Margin Education  PDF
Item 4 - Initial Margin Education  PDF
Item 5 - FTR Credit Requirement Enhancements  PDF
Item 5 - FTR Credit Requirement Enhancements  PDF
Item 6 - FTR Liquidation Process  PDF
Item 6 - FTR Liquidation Process  PDF
12.5.2019 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  PDF
Consent Agenda A - Draft Minutes - MRC - 10.31.2019  PDF
Consent Agenda A - Draft Minutes - MRC - 10.31.2019  PDF
Consent Agenda C - FTR Product Range & Auction Process - Presentation  PDF
Consent Agenda C - FTR Product Range & Auction Process - Presentation  PDF
Consent Agenda C - Manual 6 - Revisions - Executive Summary  PDF
Consent Agenda C - Manual 6 - Revisions - Executive Summary  PDF
Consent Agenda C - Manual 6 - Revisions - Redline  PDF
Consent Agenda C - Manual 6 - Revisions - Redline  PDF
Consent Agenda C - Manual 6 - Revisions - Redlines  PDF
Consent Agenda C - Manual 6 - Revisions - Redlines  PDF
Consent Agenda C - OA Schedule 1 - Revisions - Redlines  PDF
Consent Agenda C - OA Schedule 1 - Revisions - Redlines  PDF
11.7.2019 Meeting materials from the FRMSTF meeting
Item 3 - Survey Responses - FTR Underfunding & Risk Mitigation  PDF
Item 3 & 4 - FRMSTF Survey - Written Responses  PDF
Item 3 - Survey Responses - FTR Underfunding & Risk Mitigation  PDF
Item 4 - Market Eligibility Matrix  XLS
Item 3 & 4 - FRMSTF Survey - Written Responses  PDF
Item 4 - Market Eligibility Matrix  XLS
Item 4 - Survey Responses - Credit Best Practices  PDF
Item 4 - Survey Responses - Credit Best Practices  PDF
Item 5 - Results of Risk Model Quantitative Analysis - Part 2  PDF
Item 6 - PJM Position Paper on Initial Margin  PDF
Item 5 - Results of Risk Model Quantitative Analysis - Part 2  PDF
Item 6 - PJM Position Paper on Initial Margin  PDF
1.23.2020 Meeting materials from the MRC meeting
Consent Agenda A - Draft Minutes - MRC - 12.19.2019  PDF
Consent Agenda A - Draft Minutes - MRC - 12.19.2019  PDF
6.25.2019 Meeting materials from the FRMSTF meeting
Agenda  PDF
Agenda  PDF
Item 1 - Draft Minutes - FRMSTF - 6.6.2019  PDF
Item 2 - FRMSTF Publication Schedule  PDF
Item 1 - Draft Minutes - FRMSTF - 6.6.2019  PDF
Item 3 - Rankings of All the Work Streams  PDF
Item 2 - FRMSTF Publication Schedule  PDF
Item 4 - Work Plan  PDF
Item 3 - Rankings of All the Work Streams  PDF
Item 5 - Load Serving Entities Perspectives on ARR FTR Market Design  PDF
Item 4 - Work Plan  PDF
Item 6 - IMM ARR/FTR Market Design Addressing Risk  PDF
Item 5 - Load Serving Entities Perspectives on ARR FTR Market Design  PDF
Item 6 - IMM Reducing Risk Current ARR/FTR Market Design  PDF
Item 6 - IMM ARR/FTR Market Design Addressing Risk  PDF
Item 7A - Framing Questions - Stakeholder Feedback with Survey Responses - Re-poll  PDF
Item 6 - IMM Reducing Risk Current ARR/FTR Market Design  PDF
Item 7B - Framing Questions - Stakeholder Feedback with Survey Responses - Re-poll  PDF
Item 7A - Framing Questions - Stakeholder Feedback with Survey Responses - Re-poll  PDF
Item 8 - ISO RTO Long-Term Requirements  PDF
Item 7B - Framing Questions - Stakeholder Feedback with Survey Responses - Re-poll  PDF
Item 9 - FTR Performance Improvement Analysis  PDF
Item 8 - ISO RTO Long-Term Requirements  PDF
Item 10A - Discussion Paper Enduring Governance of PJM's Financial Markets  PDF
Item 10B - Position Paper FTR Central Counterparty  PDF
Item 9 - FTR Performance Improvement Analysis  PDF
Item 10A - Discussion Paper Enduring Governance of PJM's Financial Markets  PDF
Item 10B - Position Paper FTR Central Counterparty  PDF
9.24.2019 Meeting materials from the FRMSTF meeting
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 9.5.2019  PDF
Item 3 - Charter - Redline  PDF
Agenda  DOC
Item 1 - Draft Minutes - FRMSTF - 9.5.2019  PDF
Item 3 - Voting Timeline  PDF
Item 3 - Charter - Redline  PDF
Item 3 - Work Plan  PDF
Item 3 - Voting Timeline  PDF
Item 4 - Voting Results - FTR Product Range & Auction Process  PDF
Item 3 - Work Plan  PDF
Item 4 - Voting Results - FTR Product Range & Auction Process  PDF
Item 5 - FTR Clearing (eFTR's) Proposal  PDF
Item 5 - FTR Clearing (eFTR's) Proposal  PDF
Item 5 - Nodal Data Services Offering  PDF
Item 5 - Nodal Data Services Offering  PDF
9.26.2019 Meeting materials from the MRC meeting
Agenda  PDF
Agenda  PDF
Agenda  DOC
Agenda  DOC
Item 2 - FRMSTF Charter - Revision  PDF
Item 2 - FRMSTF Charter - Revision  PDF
Date Type Documents
There are no governing documents currently associated with this issue