Jun 28, 2023 – FAP Eligible LOC Issuer Changes
Date:
Jun 28, 2023
Proceeding Type:
FAP Eligible LOC Issuer Changes
Docket:
ER23-2277
Brief Description:

ISO-NE and NEPOOL file changes to the Financial Assurance Policy (FAP) to allow ISO-NE to remove a bank from the List of Eligible Letter of Credit (LOC) Issuers if ISO-NE determines in its sole discretion that, despite satisfying the eligibility criteria, accepting a LOC from a bank on the list presents an unreasonable risk that the bank may fail to honor the terms of such LOC

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