This issue concerns updates to PJM's credit policy to reduce PJM's and Members' exposure to Member credit related issues. Various components included in this overall credit "umbrella" issue are compiled from 2008 and 2009 meetings of the Credit Risk Management Steering Committee (CRMSC). These include:
Peak market activity credit requirements (Loss of Load contracts; early payment frequency; removal of FTR activity from invoices)
Monthly payments by muni's
Providers of Letters of Credit Concentration
Credit requirements - FTR's
Unsecured credit
Offsetting / Netting
Other miscellaneous credit policy revisions