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FERC accepts termination of the First Revised LGIA that governed the interconnection of VW1’s Large Generating Facility, which has since been superseded by a conforming and to be EQR reported, 3-party LGIA, eff. Dec 5, 2025

The FERC grants in part and denies in part the NEPGA Complaint.  The FERC granted the Complaint with respect to the uncapped Balancing Ratio (requiring a filing within 180 days proposing Tariff revisions to cap the Balancing Ratio (BR) at 1.0 and to make any conforming changes that ISO-NE finds necessary to effectuate that cap).  The FERC denied the complaint with respect to the stop-loss mechanism allocation methodology (agreeing with ISO-NE’s explanation that the allocation methodology is consistent with the “beneficiary pays” principle and reasonable for capacity resources to bear the costs because all capacity resources benefit from the stop-loss mechanism; disagreeing with NEPGA’s (i) statement that it is discriminatory to “charge” resources with CSOs through the stop-loss mechanism allocation when resources without CSOs are paid at the tariff rate; and (ii) argument that ISO-NE’s allocation methodology for its stop-loss mechanism is unjust and unreasonable because it differs from PJM’s).  In addition, the FERC found that refunds are not warranted since the BR has not risen above 1.0 since the 206’s July 25, 2025 refund effective date.

ISO-NE and NEPOOL jointly proposed Tariff (Financial Assurance Policy) revisions to accurately align the timing of when a financial assurance obligation “rolls off” of a market participant’s financial assurance requirements with the actual duration of the associated payment risk.

PSNH and ISO-NE file a Local Service Agreement (“LSA”) by and among PSNH, ISO-NE, and Berlin Station, LLC on behalf of its affiliate, Burgess BioPower, LLC (“Burgess”) for Local Point-to-Point Service for Burgess’s Large Generating Facility under Schedule 21-ES

MOPA amends its December 17, 2025 supplement to its Formal Challenge to incorporate information provided by VTansco; following an errata notice, comments are due on or before Jan 30, 2026.  A motion for an extension of time to answer this filing (filed in response to the first comment date noticed) has been withdrawn.