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PJM Interconnection2750 Monroe BlvdAudubon, PA 19403Steven R. PincusAssociate General Counsel610.666.4370 fax 610.666.8211steven.pincus@pjm.comMarch 12, 2021The Honorable Kimberly D. Bose, SecretaryFederal Energy Regulatory Commission888 First Street, N.E., Room 1AWashington, D.C. 20426Re:1341PJM Interconnection, L.L.C., Docket No. ER21- -000Permanent Termination of PJM Membership – Entrust Energy East, Inc.Dear Secretary Bose:Pursuant to the Federal Power Act, section 205 (“FPA”), 16 U.S.C. § 824d, and theFederal Energy Regulatory Commission’s (“Commission”) regulations, 18 C.F.R. Part 35, PJMInterconnection, L.L.C. (“PJM”) submits to the Commission revisions to the Amended andRestated Operating Agreement of PJM Interconnection, L.L.C. (“Operating Agreement”),Schedule 12 and Reliability Assurance Agreement among Load Serving Entities in the PJMRegion (“RAA”), Schedule 17, to reflect the permanent termination of Entrust Energy East, Inc.(“Entrust”) as a PJM Member in accordance with Operating Agreement, sections 15.1.6(c) and4.1(c). Entrust was notified of PJM’s intention to seek permanent termination of its membershipin a correspondence dated March 2, 2021, issued by PJM Settlement, Inc.1Beginning January 1, 2011, the administration of PJM’s credit practices and requirements are coordinated by PJMSettlement, Inc. In addition, PJM Settlement, Inc., serves as the counterparty to transactions occurring under thePJM Open Access Transmission Tariff (“Tariff”) and Operating Agreement, and invoices Members for thetransactions in PJM Markets. See, PJM Interconnection, L.L.C., 132 FERC ¶ 61,205 (2010). As the independentregional transmission organization (“RTO”) and administrator of the Tariff, PJM has the authority to submit theseTariff and Operating Agreement revisions pursuant to the Federal Power Act, section 205. See, Tariff, section 9.2(providing PJM with exclusive and unilateral section 205 filing rights regarding changes to the terms and conditionsof the Tariff, except for those provided to the Transmission Owners as specified in the first sentence of section 9.1);Operating Agreement, section 18.6(a) (providing the procedures for amending the Operating Agreement, consistingof a review by the PJM Board and approval by the Members Committee).1

Honorable Kimberly D. Bose, SecretaryMarch 12, 2021Page 2PJM requests that the Commission issue its order accepting the enclosed revisions by nolater than May 12, 2021, which is at least 60 days from the date of this filing, with an effectivedate of May 12, 2021, for the Operating Agreement and RAA revisions.I.BACKGROUNDA.Operating Agreement, Section 15.1.6 – Termination of Member FollowingDefaultOperating Agreement, Section 15.1.6(c) provides for a tiered limitation of reinstatementrights for Members that have been declared in collateral and/or payment default (after theapplicable breach-cure period) of their obligations under the Operating Agreement and/or thePJM Open Access Transmission Tariff (“Tariff”).2 If during any rolling 12 month period aMember fails to make timely payments when due twice, or adhere to any of its credit obligationsto PJM three times, then its membership shall be terminated in accordance with OperatingAgreement, section 4.1(c)3 and its forward market positions will be liquidated.4 Pursuant toOperating Agreement, section 15.1.6(c), PJM must make a FPA section 2055 filing topermanently effectuate termination of the membership as provided for in Operating Agreement,section 4.1(c).2Pursuant to Operating Agreement, section 15.1.6, a Member that has been declared in default or fails to otherwisecomply with PJM’s credit policies once in any rolling 12 month period may be reinstated in full after remedyingsuch default. However, if a Member fails to make timely payments when due once, or fails to follow any othercredit policies twice, during any 12 month rolling period, then the Member loses PJM voting rights and access toany unsecured credit for the subsequent 12 month period.Operating Agreement, section 4.1(c) provides: “Any termination of this Agreement or withdrawal of any Memberfrom the Agreement shall be filed with FERC pursuant to the Federal Power Act, section 205 and shall becomeeffective only upon FERC’s approval, acceptance without suspension, or, if suspended, the expiration of thesuspension period before FERC has issued an order on the merits of the filing.”34Operating Agreement, section 15.1.6(c).516 U.S.C. § 824d.

Honorable Kimberly D. Bose, SecretaryMarch 12, 2021Page 3B.Termination of Membership – EntrustPJM’s determination to seek permanent termination of Entrust as a PJM Member is theresult of Entrust’s defaults and the corresponding default notifications issued to Entrust forfailing to make payments when due twice during a 12 month period. Entrust was declared inpayment default on:(i)February 23, 2021, for failing to pay its February 1 to February 10, 2021, monthto-date invoice in the amount of 263,628.53 when due and payable on February19, 2021; and(ii)March 2, 2021, for failing to pay its February 1 to February 17, 2021, month-todate invoices in the amount of 566,338.33 when due and payable on February26, 2021.6Accordingly, Entrust’s rights to conduct market transactions in the PJM markets andparticipate at PJM committee meetings were indefinitely suspended in accordance with theapplicable provisions of the Operating Agreement and PJM now permanently terminatesEntrust’s PJM membership pursuant to Operating Agreement, sections 15.1.6(c) and 4.1(c).Termination of Entrust’s membership does not relieve Entrust of any obligation incurred orassessed by PJM prior to the termination date.76PJM anticipates weekly payment defaults may continue for the next few weeks until previously acquired energytransactions have cleared PJM markets.7See Operating Agreement, section 18.18.3

Honorable Kimberly D. Bose, SecretaryMarch 12, 2021Page 4II.DESCRIPTION FILINGPJM hereby files revisions to the Operating Agreement, Schedule 12 and RAA, Schedule17 to reflect the permanent termination of Entrust as a PJM Member.III.EFFECTIVE DATEPJM requests that the Commission issue its order accepting the enclosed revisions by nolater than May 12, 2021, which is more than 60 days from the date of this filing, with aneffective date of May 12, 2021, for the Operating Agreement and RAA revisions.IV.DOCUMENTS ENCLOSEDPJM encloses with this transmittal letter:1. Attachment A: an electronic version of the marked Operating Agreement,Schedule 12 and RAA, Schedule 17 reflecting the changes proposed herein.2. Attachment B: an electronic version of the clean Operating Agreement, Schedule12 and RAA, Schedule 17 reflecting the changes proposed herein.V.CORRESPONDENCE AND COMMUNICATIONSCraig GlazerVice President – Federal Government PolicyPJM Interconnection, L.L.C. 1200 GStreet, N.W. Suite 600Washington, DC 20005(202) 423-4743craig.glazer@pjm.comVI.Steven R. PincusAssociate General CounselPJM Interconnection, L.L.C.2750 Monroe BlvdAudubon, PA 19403(610) 666-4370steven.pincus@pjm.comSERVICEPJM has served a copy of this filing on all PJM Members and on all state utilityregulatory commissions in the PJM Region by posting this filing electronically. In accordancewith the Commission’s regulations,8 PJM will post a copy of this filing to the FERC filings8See 18 C.F.R §§ 35.2(e) and 385.2010(f)(3).

Honorable Kimberly D. Bose, SecretaryMarch 12, 2021Page 5section of its internet site, located at the following link: ngs.aspx with a specific link to the newly-filed document, and will send an email on the same date as this filing to all PJM Members and all state utility regulatorycommissions in the PJM Region9 alerting them that this filing has been made by PJM and isavailable by following such link. If the document is not immediately available by using thereferenced link, the document will be available through the referenced link within 24 hours of thefiling. Also, a copy of this filing will be available on FERC’s eLibrary website located at library.aspinaccordancewiththeCommission’s regulations and Order No. 714.A copy of this filing has also been served on Entrust by way of electronic mail as of thefiling date.VII.CONCLUSIONFor the reasons discussed herein, PJM respectfully requests that the Commission acceptthe proposed revisions to PJM’s Operating Agreement and RAA effective May 12, 2021.Respectfully submitted,Craig GlazerVice President–Federal Gov’t PolicyPJM Interconnection, L.L.C.1200 G Street, N.W.Suite 600Washington, D.C. 20005(202) 423-4743craig.glazer@pjm.com9/s/ Steven R. PincusSteven R. PincusAssociate General CounselPJM Interconnection, L.L.C.2750 Monroe BoulevardAudubon, PA 19403(610) 666-4370steven.pincus@pjm.comPJM already maintains, updates, and regularly uses e-mail lists for all PJM Members and affected statecommissions.

Honorable Kimberly D. Bose, SecretaryMarch 12, 2021Page 6cc:Entrust Energy East, Inc.Marissa BachDirector Regulatory & Legal AffairsMarissa.bach@entrustenergy.comGary HeldersVice President Financegary.helders@entrustenergy.comMichele SuppleVice President Supply & Risk Managementmichele.supple@entrustenergy.com

Attachment ARevisions to the PJM Operating Agreement andPJM Reliability Assurance Agreement(Marked/Redline Format)

Section(s) of thePJM Operating Agreement(Marked/Redline Format)

SCHEDULE 12 PJM MEMBER LIST527 Energy Inc.7 Bridges Solar, LLCAC Energy, LLCAcciona Energy North America Corporation (AENAC)ACT Commodities Inc.ADG Group Inc.Advanced Energy Economy Inc.AEP Appalachian Transmission Company, Inc.AEP Energy Partners, Inc.AEP Energy, Inc.AEP Indiana Michigan Transmission Company, Inc.AEP Kentucky Transmission Company, Inc.AEP Ohio Transmission Company, Inc.AEP Retail Energy Partners, LLCAEP West Virginia Transmission Company, Inc.AES Energy Storage, LLCAES ES Holdings, LLCAesir Power, LLCAES Integrated Energy, LLCAES Laurel Mountain, LLCAES Ohio Generation, LLCAES Solutions Management, LLCAffirmed Energy LLCAggressive Energy LLCAgway Energy Services, LLCAir Products & Chemicals, Inc.AK Steel CorporationAlabama Power CompanyAlegria Fund, LPAlgonquin Energy Services, Inc.All American Power and Gas, LLCAllegheny Electric Cooperative, Inc.Allegheny Energy Supply Company, LLCALLETE, Inc. d/b/a Minnesota PowerAlliant Energy Corporate Services, Inc.Alliant Energy Resources, LLCAlpaca Energy LLCAlpha Gas and Electric, LLCAlphataraxia Palladium LLCAlternative Transmission Inc.Altop Energy Trading LLCAltus Power America, Inc.Amazand, LLCPage 1

Amazon Energy LLCAmbit Northeast, LLCAmerican Municipal Power, Inc.American Power & Gas of IL, LLCAmerican Power & Gas of MD, LLCAmerican Power & Gas of NJ, LLCAmerican Power & Gas of Ohio, LLCAmerican Power & Gas of Pennsylvania, LLCAmerican PowerNet Management, L.P.American Transmission Systems Inc.Ames Energy, LLCAmity Energy LLCAMP Transmission, LLCAnbaric Development Partners, LLCAP Gas & Electric (IL), LLCAP Gas & Electric (MD), LLCAP Gas & Electric (OH), LLCAP Gas and Electric (NJ), LLCAP Gas and Electric (PA), LLCAPH Acquisition, LLCAPN Starfirst, LPApogee Energy Trading LLCAppalachian Power CompanyAppian Way Energy Partners MidAtlantic, LLCApproved Energy II LLCAquenergy Systems Inc.ArcelorMittal USA, LLCArcher Energy, LLCArmenia Mountain Wind, LLCArrow Energy RRH, LLCAspen Generating, LLCAspen Gen Funding, LLCAspire Power Ventures, LPAssociated Electric Cooperative, Inc.Astral Energy LLCAtlantic City Electric CompanyAtlantic Energy MD, LLCATNV Energy, LPAutomated Algorithms, LLCAvangrid Networks, Inc.Avangrid Renewables, LLCAxpo U.S. LLCAxon Energy, LLCBaltimore Gas and Electric CompanyBaltimore Power Company LLCBancroft Energy LLCPage 2