Committees & Groups

Issue Details

Market Participant Default Flexibility

Consider revisions to Operating Agreement, section 15.1.5 to give PJM limited flexibility to permit continued market participation by an entity that is a market seller that experiences a default in certain circumstances in which allowing continued market participation for the limited purposes to generate revenue as a means for PJM to retain/reserve collateral to remedy a default and when it is in the best interests of PJM Members.

Proposed Timeline

Issue initiated: 3.22.2022
Work begins: 4.26.2022
Target Completion: 1.25.2023
Actual Completion: 1.25.2023

Issue Details

Stakeholder Body Risk Management Committee
Facilitator Gluck, James R.
Subject Matter Expert Hicks, Colleen
MRC Approval Date 12.21.2022
MC Approval Date 1.25.2023
Problem Statement/
Issue Charge First Read 		2.22.2022
Issue Catalyst PJM
Issue Status Closed
Manual Changes No
Agreement Changes Open Access Transmission Tariff, Operating Agreement

  • Stakeholder Process Step

  • Completed Approved
  • Completed Education
  • Completed Interest
  • Completed Design
  • Completed Options
  • Completed Packages
  • Completed Consensus
  • Completed Review
  • Completed Completed
 2.23.2023 - MC
 1.25.2023 - MC
 1.25.2023 - MRC
 1.23.2023 - MC Information Webinar
 12.21.2022 - MRC
 12.19.2022 - MC Information Webinar
 11.16.2022 - MRC
 11.15.2022 - RMC
 11.14.2022 - MC Information Webinar
 10.19.2022 - RMC
 9.20.2022 - RMC
 9.19.2022 - MC Information Webinar
 8.23.2022 - RMC
 7.26.2022 - RMC
 7.25.2022 - MC Information Webinar
 6.28.2022 - RMC
 5.24.2022 - RMC
 4.26.2022 - RMC
 4.25.2022 - MC Information Webinar
 3.22.2022 - RMC
 2.23.2022 - RMC
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