The California ISO will adjust the 2022 Federal Energy Regulatory Commission (FERC) billing rate from $0.088718 to $0.091654. This is the latest rate from the FERC Energy Regulatory Commission Annual Charges billing and the adjustment is in accordance with ISO Tariff Section 11.19.3.2. The new rate will be reflected beginning trade date October 1 T+9B Initial assessment.
Additionally, upon reviewing the FERC Energy Regulatory Commission Annual Charges billing, the invoiced amount is more than the 2021 annual FERC charges that have been assessed to scheduling coordinators. The under-collection amount meets the threshold percentage for assessment of supplemental billing.
Therefore, in accordance with ISO Tariff Section 11.2.13.4, a supplemental billing under Charge Code 525 FERC Fee Over/Under Recovery is required. The ISO will include the supplemental billing of the 2021 FERC Fees under collection in the July 2022 Monthly Initial invoices that are due on Aug. 11, 2022.
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A reconciliation of the 2021 Annual Charge is as follows:
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2021 FERC Annual Charge (Final):
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$ 20,082,810.00
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Total Previously Invoiced
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17,948,174.58
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2021 FERC Fees under-recovered
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$ 2,134,635.42
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Other Adjustments:
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Add: Prior years FERC Fees under-recovered
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120,017.50
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Less: Interest earnings
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19,670.45
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2021 FERC Fees Supplemental Billing
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$2,234,982.47
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2021 Billable Quantities
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218,970,139.40
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2021 Supplemental Billing Rate
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$0.010207
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