Congestion revenue rights 2009-2010 enhancements

In conducting its annual and monthly Congestion Revenue Rights allocation and auction processes for release of prospective CRRs, the ISO has identified credit and non-credit issues as candidates for further refinements. The ISO is revising the current credit requirements for CRR auction participation to improve the ISO’s credit coverage and efficiency of collateral usage and to facilitate participation in the auctions. The ISO is resolving the following non-credit issues:

            • Revise load migration process   

            • Revise modeling and treatment of trading hubs in CRR allocation   

            • Eliminate multi-point CRRs from CRR design    

            • Add a weighted least squares objective function  

            • Refine tiers in monthly allocation

Outcome

Board of Governors decision: May 17, 2010
FERC Order: September 1, 2010
Implementation: February 2011

Implemented all 2009 /2010 Congestion Revenue Rights enhancements outlined in the initiative description above.

Policy development

Tariff development

FERC orders and filings

Implementation 

Release planning