PJM prepares unaudited quarterly financial statements as well as annual audited financial statements and provides presentations on the highlights of these financial statements both to the Finance Committee and the Members Committee.
Federal Energy Regulatory Commission Order 668 issued in December 2005, which revised the commission’s Uniform System of Accounts and financial reporting requirements, facilitates better understanding of RTO costs. The order created a subset of accounts in the FERC’s Uniform System of Accounts into which ISO/RTO members report the administrative fees they pay to the ISO/RTO.
To help members comply with the FERC’s financial reporting requirements under Order 668, PJM prepares guidelines quarterly on how PJM’s administrative charges can be allocated among the three ISO/RTO expense categories in FERC’s Uniform System of Accounts created under Order 668.
Monthly Reporting Under Order 668