On November 6, 2014 the ISO began allowing load serving entities and suppliers to submit flexible capacity for annual and monthly Resource Adequacy based on FERC’s conditional approval of the ISO’s proposed tariff amendment. FERC subsequently approved further amendments that the ISO implemented on December 22, 2014 to enable procurement of backstop flexible capacity in the event of a cumulative deficiency.
FERC ruling: June 3, 2015
Implemented: November 6, 2014
Tariff amendment filing: August 1, 2014
Board of Governors approval: March 20, 2014