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  • Outcome
    On April 1, 2011 the ISO implemented a new capacity procurement mechanism to replace the Interim Capacity Procurement Mechanism, updated the price paid for capacity and extended bid mitigation applicable to exceptional dispatches. The ISO also added new features to procure capacity needed for reliability when a resource is at risk of retirement, as well as criteria to select resources to help manage variability. The new capacity procurement mechanism procures capacity that is not already designated as resource adequacy capacity and is obligated to be available to the ISO for scheduling and dispatch comparable to the obligations of resource adequacy capacity.—Implementation date: April 1, 2011; FERC Order: March 17, 2011; Board of Governors approval: Nov. 1, 2010