IEX Stock Plunges 7% Amid Market Coupling Case; APTEL Hearing Deferred to Jan 19

• The Electricity Appellate Tribunal (APTEL) has deferred the market coupling case hearing to January 19.
• IEX seeks withdrawal of CERC's July 2025 order on day-ahead market (DAM) coupling, which caused significant stock volatility.
• APTEL sought clarity from CERC regarding the withdrawal of the order, but no resolution was reached.
• CERC previously issued a circular reclassifying its July 2025 order as a 'direction' instead of an 'order'.
• IEX claims the CERC order is arbitrary, violates natural justice, and will lead to market share loss without benefits.

Why It Matters: IEX stock fell over 7% as APTEL deferred the market coupling case hearing, seeking clarity from CERC.