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Tech

A deletion request is now a standing instruction

Since August 1, a California deletion request has been a standing instruction rather than a one-time message: brokers must keep deleting every 45 days, and the bar on selling you again has fewer ways out than the duty to delete.

By 5 min read

Markets

PJM's power auction bought less generation at its price cap

PJM's own auction reports, read in one column: the price of scarcity climbed toward its ceiling while the new generation it bought fell to a few hundred megawatts, and PJM has asked FERC to stop counting some of the demand behind that climb.

By 6 min read

Economy

A bulletin, not the statute, sets the FAIR Plan split

The bulletin that lets insurers recoup a FAIR Plan assessment from their own policyholders sets no ceiling above one billion dollars, unlike the three other California safety nets it says it resembles.

By 7 min read

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