Date:
Jun 28, 2023Proceeding Type:
FAP Eligible LOC Issuer ChangesDocket:
ER23-2277Brief 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