When should outages exceeding 30 days be submitted for use in the annual FTR auction?

Submitting outages that exceed 30 days for use in the annual FTR (Financial Transmission Rights) auction by February 1 is crucial for accurate representation of available transmission capacity and reliability throughout the auction process. This deadline allows PJM to incorporate the expected long-term outages into the system's projections, ensuring that the auction reflects the available transmission paths accurately. By setting this deadline in early February, it provides sufficient time for PJM to analyze and adjust their models, accommodate any necessary changes, and communicate those adjustments to stakeholders.

The timing of this submission is essential because it aligns with the planning and preparation phases of the annual FTR auction, ensuring that all participants are basing their bids and decisions on the most current and accurate information available. Hence, meeting the February 1 deadline enhances the integrity of the auction process and helps maintain the reliability of the grid.