Location constrained resource interconnection policy

On January 25, 2007 the California ISO (the ISO)  filed a Petition with FERC for a Declaratory Order seeking conceptual approval of a new financing mechanism to facilitate the construction of interconnection facilities for location-constrained resources. On April 19, 2007, FERC granted the ISO's petition and accepted the design concepts proposed therein, thereby paving the way for the ISO to file tariff language for implementing this important initiative.  The purpose of the Remote Resource Interconnection (RRI) initiative is to further develop the policy details with the expectation of developing tariff language to be filed with FERC no later than October 31, 2007.