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Issue Details

Transparency in Performance Assessment Interval (PAI) Settlements

The OATT and RAA language related to the measurement and settlement of Performance Assessment Intervals was drafted as part of the Capacity Performance initiative discussed at the Enhanced Liaison Committee meetings in 2014. The first Performance Assessment Interval that resulted in settlement did not occur until October 2, 2019. During the settlement calculation of the individual Performance Assessment Intervals, PJM staff noted a lack of clarity and detail in the governing documents to provide sufficient transparency into the process.

Issue Details

Strategic Focus Area: Markets
Issue Status: Emerging
Stakeholder Body: Market Implementation Committee
Stakeholder Process Status: Approved
Issue Catalyst: PJM
Date Created: 7.8.2020
MC Approval Date:
Target Completion Date: 1.31.2021
Actual Completion Date:
FERC Filing(s): Yes
Agreement Change(s):
Manual Change(s): No
MC Annual Plan: 2020
Date Documents
7.8.2020 Meeting materials from the MIC meeting
Agenda  PDF
Agenda  DOC
Draft Minutes - MIC - 6.3.2020  PDF
Item 4A - Clarification to Performance Assessment Interval (PAI)  PDF
Item 4B - Clarification to Performance Assessment Interval Language - Problem Statement  PDF
Item 4C - Clarification to Performance Assessment Interval Agreement Language - Issue Charge  PDF
Item 4C - Clarification to Performance Assessment Interval Agreement Language - Issue Charge - Post Meeting  PDF
Item 4D - Non-Performance Assessment - Detailed Summary  PDF
10.1.2020 Meeting materials from the MIC Special Session - Transparency in Performance Assessment Interval Settlements meeting
Agenda  PDF
Agenda  DOC
Draft Minutes - Special MIC - 9.23.2020  PDF
Draft Minutes - Special MIC - 10.1.2020  PDF
Item 2 - Reserves in Actual Performance  PDF
Item 3 - Clarification to PAI Language - Detailed Language Review  PDF
Non-Performance Assessment Detailed Summary  PDF
11.5.2020 Meeting materials from the MIC meeting
Agenda  PDF
Minutes  PDF
Agenda  DOC
Draft Minutes - MIC - 10.7.2020  PDF
Item 10A - PAI Settlement - IMM  PDF
Item 10B1 - Clarification to PAI Language  PDF
Item 10B2 - Clarification to PAI Language - Matrix  PDF
Item 10B3 - Manual 18 - Revisions - Redline  PDF
8.5.2020 Meeting materials from the MIC meeting
Draft Minutes - MIC - 7.8.2020  PDF
9.23.2020 Meeting materials from the MIC Special Session - Transparency in Performance Assessment Interval Settlements meeting
Agenda  PDF
Agenda  DOC
Item 2 - Performance Assessment Interval Agreement Language - Issue Charge  PDF
Item 2 - Performance Assessment Interval Agreement Language - Problem Statement  PDF
Item 3 - Performance Assessment Interval Education  PDF
6.3.2020 Meeting materials from the MIC meeting
Agenda  PDF
Item 7A - Clarification to Performance Assessment Interval  PDF
Item 7B - Clarification to Performance Assessment Interval Agreement Language - Problem Statement  PDF
Item 7C - Clarification to Performance Assessment Interval Agreement Language - Issue Charge  PDF
Item 7D - Non-Performance Assessment Detailed Summary  PDF
Date Type Documents
There are no governing documents currently associated with this issue