Back to Previous Page

051216 Approval of Firm Transmission Right Quantities for the 2006 Annual FTR Auction - Memo

      Update: The ISO was notified on December 15th that a Participating TO and an Existing Rightholder had reached agreement to reduce the Existing Contract amount which facilitated an increase in the number of FTRs that could be released.

pdf 114K

Summary:

Operations Committee Meeting 15-16 Dec 2005. This memorandum requires Board action. REVISED: Approval of Firm Transmission Right Quantities for the 2006 Annual FTR Auction - Memo

Extract:

Memo to ISO Operations Committee, from Deborah Le Vine, Director of Market Services, Dated December 16, 2005, Subject: REVISED: Approval of Firm Transmission Right Quantities for the 2006 Annual FTR Auction This memorandum requires Board action. EXECUTIVE SUMMARY: ISO Tariff section 9.9.2 states that, “The ISO Governing Board shall, from time to time, approve the amount of FTRs to be auctioned for each FTR Market and the ISO shall publish this information on the ISO Home Page at least thirty (30) days prior to the auction.” As in previous years, Management requests that the ISO Governing Board approve the Firm Transmission Right (“FTR”) quantities that ISO Management has determined are appropriate to release in the ISO’s 2006 FTR auction. The auction, which is scheduled for late January 2006, will release FTRs with a term starting in the hour beginning at 12:00 a.m. on April 1, 2006 and ending with the hour beginning at 11:00 p.m. on March 31, 2007.

Document Locations:

• Operations Committee Meeting 15-16 Dec 2005