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Approval for the Extenstion of GMC Settlement into 2007 - Memo

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Summary:

Memorandum to the ISO Finance Committee of the Board of Governors from Judith Sanders, Counsel; Ben Arikawa, Senior Financial Analyst; Philip Leiber, Treasurer and Director of Financial Planning; and William J. Regan, Jr., Chief Financial Officer, Dated June 7, 2006, Re: Extension of GMC Settlement into 2007. Presented at the ISO Finance Committee of the Board of Governors Meeting, June 13, 2006

Extract:

EXECUTIVE SUMMARY In February 2006, the ISO initiated a stakeholder process to consider stakeholder comments and support for a Grid Management Charge (GMC) rate structure for the ten months of 2007 prior to the implementation of MRTU. As a result of these discussions, the ISO has reached an agreement with stakeholders on all major issues, except one, to extend the GMC rate design and formula rate structure (adopted in the 2004 Partial Offer of Settlement in ER04-115-000, et. al.) until the earlier of MRTU implementation or December 31, 2007. The remaining issue concerns the request of enXco, a wind power plant operator, and the California Wind Energy Association (CalWEA) for a change in the GMC rate structure to allow netting of deviations during the month for two GMC rates, Energy Transmission Services – Deviations and Market Usage – Uninstructed Energy for participants in the Participating Intermittent Resource Program (PIRP).

Document Locations:

• Finance Committee Meeting 13-Jun-2006