May 28, 2021
May 28, 2021
Proceeding Type:
Updated CONE, Net Cone and PPR Values
Brief Description:

FERC conditionally accepts the updates to the CONE, Net CONE and PPR values, as amended in ISO-NE’s Deficiency Response, as well as the modified definition of Net CONE, subject to a 15-day compliance filing that reflects the assumption that the reference unit has on-site compression.  The order finds that, (i) except for ISO-NE’s assumption regarding on-site compression, the CONE, Net CONE and PPR values were estimated in a manner consistent with the requirements of the Tariff, using inputs and methodologies that are just and reasonable; (ii) the proposed method for estimating net energy and ancillary services (EAS) revenues is just and reasonable and consistent with the proposed definition of “Net CONE”; and (iii) the uncontested aspects of ISO-NE’s proposal just and reasonable, including the Tariff provision to allow Market Participants to withdraw or update certain FCA16 bids