Adjustment of Amendment 60 Interest and Good Faith Negotiation Distribution on 8/31/21
On April 30, 2021, the California ISO previously published settlements statements and invoices that reflected interest through April 30, 2021 for Amendment 60. As noted on a call held on July 21, 2021 (link to presentation discussed on the July 21 call) additional settlement adjustment are required for:
Correcting errors in the interest calculations for March 2005 for startup costs and October 2007 for minimum load costs
Unwind incorrect distribution of California Oregon Transmission Project Agreement funds
Reallocation of payments and charges for use of the California-Oregon Transmission Project (COTP) Transmission (July - December 2004)
Distribution of funds from a separate Good Faith Negotiation (GFN) (reflected on the daily historical initial statement for trade date, March 2, 2009)
As discussed on the July 21, 2001 call, the ISO will be calculated incremental interest on the April 30, 2021 and August 31, 2021 invoices.
On Aug. 31, 2021, the ISO will publish daily historical settlements statements for trade date March 1, 2009, daily historical initial statement for trade date, March 2, 2009 and invoices. Payments for the invoices are due no later than 10 a.m. Pacific Time on Sept. 7, 2021. The ISO will transmit market payments as soon thereafter as feasible.
The July 21, 2021 presentation discussing need for corrections regarding prior Amendment 60 interest invoice, is available on the ISO website.