PJM is showing how to ambitiously tackle thorny problems that impacted their FTR markets. A new "high energy" initiative is underway in PJM called the Financial Risk Mitigation Senior Task Force which is successfully undertaking a herculean effort to address financial risk in its FTR market. The information being provided by PJM is truly nothing short of amazing. I'm particularly impressed by the Nodal Exchange video describing how exchanges provide a successful method to manage credit and liquidity market risks. A real eye opener for me.
Thanks, and Kudo's to PJM Interim President and CEO Susan J. Riley and the entire PJM team for making this insightful information available in such a transparent process. Well done.