GreenHat Energy defendants agree to pay nearly $1.4 mil in PJM default proceeding

摘要

Two founders of GreenHat Energy LLC and the estate of a third founderagreed to pay a collective $1.375 million to the PJM InterconnectionLLC as part of consent agreements approved Aug. 19 related to thetrading firm’s default on $179 million in financial transmission rights.The GreenHat saga dates back to June 2018 when the tradingfirm defaulted on a large portfolio of the congestion price hedging instruments, dubbed FTRs.