Date:
Sep 13, 2024Proceeding Type:
Updates to Non-Commercial Capacity FA Amount MultiplierDocket:
ER24-3040Brief Description:
ISO-NE and NEPOOL jointly file revisions to Financial Assurance Policy to: (1) ensure that the post-auction Non-Commercial Capacity Financial Assurance (NCCFA) Multiplier continues to increase annually during the three-year delay of the next FCA; (2) ensure that the formula for calculating the NCCFA Amount directly before an FCA remains generally consistent with the formula for calculating NCCFA required upon completion of an FCA; and (3) eliminate an NCCFA provision which is no longer relevant due to the passage of time.