Any Entity, upon compliance with such reasonable conditions as the Participants Committee may prescribe, may become a NEPOOL Participant by providing a duly executed counterpart of the NEPOOL Agreement, as amended, and payment of the applicable application fee. The process to become a ISO-NE Market Participant can be completed at the same time. In chronological order, the steps that must be completed are as follows:
Paper copy to:
Attn: Membership Support
ISO New England Inc.
One Sullivan Road
Holyoke, MA 01040-2841 Electronic copy to:
pmgerity@daypitney.com
- Membership Application, including NEPOOL Agreement counterpart signature page. Applicants must apply for a unique D-U-N-S number matching the company name listed on the application. A parent company’s D-U-N-S number won’t be accepted.
- Corporate org chart
- Copy of the Company’s Organizational Filing with the State within which it was organized (e.g. Articles of Incorporation, Certificate of Formation, etc.)
- Security Administrator Signatory Page
Electronic copy to:
billingdept@iso-ne.com
- Completed W-9 or W-8, as applicable
- Completed Sales and Use Tax Exempt Certificates or
if your organization will not be providing these certificates, e-mail such notification to billingdept@iso-ne.com.
(see FAQs for more information)
Completed and delivered no later than 10 Business Days before the first of the intended effective date of membership:
Paper copy to:
Attn: Enterprise Risk Management
ISO New England Inc.
One Sullivan Road
Holyoke, MA 01040-2841
- Complete On-line New Member Credit Application
- Annual Officer’s Certificate to accompany the two most recent years’ annual financial statements. If the company is newly formed and has had no financial activity, submit an officer’s certificate attesting that company has no financial activity and the date of incorporation.
- Quarterly Officer’s Certificate to accompany the most recent quarterly balance sheet
- Communications and Risk Management Officer’s Certificate
- Information Disclosure Form
- Additional Eligibility Requirements Certification Form
- Form for Standing Instruction to Pay Invoices
- BlackRock Documents if using BlackRock to post Financial Assurance. Instructions for completing BlackRock documents available here.
**note: the company name must be the same on all documentation submitted. FAQs regarding financial assurance may be viewed here.
2. Wire Application Fee (email ISO-NE’s Billing Department (billingdept@iso-ne.com) for wiring instructions)
3. Complete credit application and financial assurance review
Your credit application and applicable financial documents will be reviewed by ISO-NE Market and Credit Risk Department. Any changes or additional materials should be promptly provided as requested.
To estimate your company’s initial financial assurance obligation, please use this form. The Enterprise Risk Management Department will provide the definitive initial financial assurance obligation to the financial assurance contacts listed in the Membership Application.
Initial Financial Assurance must either (i) be deposited to your BlackRock account or (ii) an original Letter of Credit in the form provided in the ISO-NE Tariff from an Approved Letter of Credit Bank provided no later than 5 business days before the market entry month.
Once all requested materials have been submitted and reviewed, and any required amount of additional financial assurance provided, ISO-NE will issue to the Membership Subcommittee a Financial Viability Report. The ISO New England Financial Assurance Policy provides ISO-NE up to three weeks to complete the Report from the time of receipt of all required documentation and financial assurance.
4. Complete membership application review
Your membership application will be reviewed by the ISO-NE Membership Application Coordinator, ISO-NE Participant Support Membership Analyst (Mentor) and NEPOOL Counsel. Any changes or additional materials should be promptly provided as requested. Once all requested materials are submitted and complete, Membership Subcommittee review (Step 5) will be scheduled.
5. Participate in NEPOOL Membership Subcommittee review
The applicant should participate in the Subcommittee’s review of the application. A schedule for the submission and Subcommittee review of applications is available here. If approved, applicants must satisfy any conditions to such approval. Applicants for Market Participant status will proceed to Steps 6 and 7; Governance Only Members need not complete Step 7.
6. Complete, execute and mail to Membership Coordinator:
- A Standard Conditions, Waivers and Reminders acceptance letter, which will be provided following Subcommittee approval.
7. Complete, execute and mail to Membership Coordinator (if becoming a Market Participant):
Memberships become effective as of the 1st of the month that is 60 days from the completion of the steps outlined above (or sooner if applicants execute an indemnification agreement with NEPOOL and ISO-NE).
Contact Information:
Membership Support
(413) 535-4125
memcoord@iso-ne.com