In a last-ditch effort, utilities and market participants are brokering settlement talks to resolve issues related to the controversial seams-elimination cost-adjustment fees for those participating in the PJM Interconnection and Midwest Independent Transmission System Operator markets, sources familiar with the discussions said last week. According to the sources, though, there is not much possibility for settlement. "It's not a surprise they're talking, but it would be a surprise if they succeeded," said one utility official familiar with the talks. At issue are the controversial SECA payments being charged to certain customers based on their location in either MISO or PJM. The payments were implemented late last year when the Federal Energy Regulatory Commission eliminated the so-called "through-and-out rates" on transactions that cross PJM and MISO borders.
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