http://www.pjm.com/about-pjm/who-we-are.aspx
PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.
Acting as a neutral, independent party, PJM operates a competitive wholesale electricity market and manages the high-voltage electricity grid to ensure reliability for more than 61 million people.
PJM’s long-term regional planning process provides a broad, interstate perspective that identifies the most effective and cost-efficient improvements to the grid to ensure reliability and economic benefits on a system wide basis.
An independent Board oversees PJM’s activities. Effective governance and a collaborative stakeholder process help PJM achieve its vision: “To be the electric industry leader – today and tomorrow – in reliable operations, efficient wholesale markets, and infrastructure development.”
An overview of PJM is available, along with the latest Annual Report. Watch the video for an overview of the United States electricity grid. You can contact us to request additional information.
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I would hope their cost is funded through the electrical sales cost.
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http://www.pjm.com/~/media/about-pjm/newsroom/annual-reports/2014-financial-report.ashx
PJM Settlement, Inc. (PJM Settlement) is a wholly owned
subsidiary of PJM, organized as a Pennsylvania nonprofit
corporation, and is a FERC-regulated entity that began
operations on January 1, 2011. PJM Settlement was
formed to handle all of the credit, billing and settlement
functions for PJM’s members’ transactions in the PJM
markets and for transmission service. Prior to 2011,
these functions were completed by PJM. PJM Settlement
acts as a counterparty to members’ pool transactions
in the PJM markets. For the pool transactions in the
PJM markets, flash title passes through PJM Settlement
immediately prior to passing to the ultimate buyer and
seller of the product. This arrangement reinforces PJM’s
authority to continue to net a member’s offsetting financial
positions in PJM markets for credit and billing purposes;
provides clarity in PJM Settlement’s legal standing to
pursue collection from a bankrupt member; and also
complies with the FERC recommendation on credit policy
requirements for competitive wholesale electricity markets.
Thank you for the explanation.
I have some experience with nonprofit corporations; they did not plan it to be a non profit; unfortunately it worked out like that.