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  • Congestion revenue rights clawback rule modification
    The Congestion Revenue Rights (CRR) rule treats a day-ahead intertie award that is reduced in real-time as a “virtual award.” If the real-time reduction to a day-ahead intertie award exceeds 10% of the transmission capacity, then 100% of revenues on the CRRs are clawed back, discouraging rebidding into the 15-minute market. This initiative will explore which transactions should be considered “virtual awards” subject to clawback.
    • Outcome
      The ISO implemented in May 2017 software and business modifications to alter the conditions by which a schedule change between day-ahead and real-time will not be considered a "virtual award", thereby, not subjecting the change to the CRR Clawback rule procedures. — Implemented: May 2017; FERC approval: Mar 07, 2017 (ER17-853); Tariff amendment filing: Jan 25, 2017; Board of Governors approval: Jun 28, 2016
    • Congestion revenue rights clawback rule modification - papers and proposals
    • Congestion revenue rights clawback rule modification - tariff language
    • Comments on draft final proposal
    • Comments on straw proposal
    • Comments on draft tariff language
    • Web conference Nov 17, 2016
    • Web conference May 23, 2016
    • Web conference - straw proposal - Apr 20, 2016
    • Congestion revenue rights clawback rule modification - relevant market notices
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