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DC Circ. Backs FERC Changes To PJM Grid Payment Plan

Law360 (June 12, 2018, 5:48 PM EDT) -- The D.C. Circuit on Tuesday affirmed Federal Energy Regulatory Commission orders modifying how regional grid operator PJM Interconnection pays participants in its wholesale electricity markets for helping relieve congestion on the grid, rebuffing pleas from challengers including state utility regulators from New Jersey and Delaware to second-guess FERC's reasoning.

FERC had ordered PJM to make several modifications to its market design governing so-called financial transmission rights, or FTRs, a financial product that's auctioned off and allows market participants to hedge against congestion on the grid that...
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