On Oct. 23, 2020, the Federal Energy Regulatory Commission (FERC) approved a settlement agreement in docket no. IN20-6-000 between High Desert Power Project, LLC/Middle River Power LLC and FERC's Office of Enforcement. As part of the settlement, High Desert/Middle River agreed to pay the California ISO $176,000 plus interest “to be allocated by CAISO in its discretion for the benefit of CAISO customers and upon approval by Enforcement of CAISO’s plan for doing so.” The FERC order is available at http://www.caiso.com/Documents/Oct23-2020_OrderApprovingStipulation-ConsentAgreement-HighDesertPowerProjectLLC-MiddleRiverPowerLLC-IN20-6.PDF.
The ISO has received the disgorged funds and will distribute them pro rata to scheduling coordinators based upon Residual Unit Commitment Bid Cost Recovery cost allocations for the trade dates at issue. The ISO will include the principle and interest allocations in Charge Code 8989 (Daily Neutrality Adjustment) on the Jan. 4, 2021 T+9B initial statements publishing on Jan. 15, 2021. Billing for this statement will be included on the weekly invoice issued on Jan. 20, 2021.
