Committees & Groups

Issue Details

FERC Order on Credit Reform

This issue concerns the FERC Order on Credit Reform issued October 21, 2010. A compliance filing is required by PJM on June 30, 2011. Eight separate provisions are included in the order: A.Shortening the Settlement Cycle B.Use of Unsecured Credit a)Individual Market Participant Cap b)Aggregate Corporate Family Cap C.Elimination of Unsecured Credit for Financial Transmission Rights Markets D.Ability to Offset Market Obligations E.Minimum Criteria for Market Participation F.Use of “Material Adverse Change” G.Grace Period to “Cure” Collateral Posting H.General Applicability

Proposed Timeline

Issue initiated: 10.21.2010
Work begins: TBD
Target Completion: TBD
Actual Completion: TBD

Issue Details

Stakeholder Body Credit Subcommittee
Subject Matter Expert Loomis, Harold
MC Approval Date 6.14.2010
Problem Statement/
Issue Charge First Read
10.21.2010
Issue Catalyst FERC
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