Pay for performance regulation

FERC Order No. 755 required that the ISO modify the compensation mechanism for regulation to include a performance payment with an accuracy adjustment in addition to the existing capacity payment. The ISO has FERC approval of the proposed tariff modifications, and is conducting a one year evaluation of the methodology for calculating mileage accuracy and assessing whether the minimum performance standard and any additional items should be revised.

FERC filings and orders

{1} ##LOC[OK]## {1} ##LOC[OK]## ##LOC[Cancel]## {1} ##LOC[OK]## ##LOC[Cancel]## Loading Data... Mar 7, 2013 Tariff amendment - order 755 average instructed mileage - docket no ER13-1055-000 Apr 27, 2012 Amendment - frequency regulation compensation - docket no ER12-1630-000 Feb 27, 2013 Tariff amendment - pay for performance - docket no ER13-995-000 Dec 2, 2014 Tariff amendment - pay for performance year one changes - docket no ER15-554 Rename Group View/Edit Properties View Impact Add Existing Group/Document New Group New Page Link Remove Group Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below Update Document Title View/Edit Properties View Impact Remove Document Delete Document Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below View Impact View/Edit Properties View Impact Remove Page Link Create a copy Delete

{1} ##LOC[OK]## {1} ##LOC[OK]## ##LOC[Cancel]## {1} ##LOC[OK]## ##LOC[Cancel]## Loading Data... Pay for performance regulation - relevant market notices Rename Group View/Edit Properties View Impact Add Existing Group/Document New Group New Page Link Remove Group Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below Update Document Title View/Edit Properties View Impact Remove Document Delete Document Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below View Impact View/Edit Properties View Impact Remove Page Link Create a copy Delete

Implementation

{1} ##LOC[OK]## {1} ##LOC[OK]## ##LOC[Cancel]## {1} ##LOC[OK]## ##LOC[Cancel]## Loading Data... Pay for performance regulation year one design changes - implementation Business Requirements Specification - Pay for Performance Year One Design Changes12/22/2014 14:30 Rename Group View/Edit Properties View Impact Add Existing Group/Document New Group New Page Link Remove Group Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below Update Document Title View/Edit Properties View Impact Remove Document Delete Document Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below View Impact View/Edit Properties View Impact Remove Page Link Create a copy Delete

Tariff development

{1} ##LOC[OK]## {1} ##LOC[OK]## ##LOC[Cancel]## {1} ##LOC[OK]## ##LOC[Cancel]## Loading Data... Pay for performance regulation year one design changes - tariff Draft Tariff Language - Pay for Performance Year One Design Changes11/10/2014 09:32 Matrix of Responses to Stakeholder Comments - Draft Tariff Language Pay for Performance Year 1 Design Changes11/26/2014 11:50 Pay for performance year one design changes - tariff meetings Comments on draft tariff language Rename Group View/Edit Properties View Impact Add Existing Group/Document New Group New Page Link Remove Group Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below Update Document Title View/Edit Properties View Impact Remove Document Delete Document Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below View Impact View/Edit Properties View Impact Remove Page Link Create a copy Delete

Policy development

{1} ##LOC[OK]## {1} ##LOC[OK]## ##LOC[Cancel]## {1} ##LOC[OK]## ##LOC[Cancel]## Loading Data... Draft Final Proposal - Pay For Performance Regulation Year One Design Changes9/26/2014 12:19 Pay for performance regulation year one design changes - papers and proposals Draft Final Proposal - Pay For Performance Regulation Year One Design Changes9/26/2014 12:19 Pay for performance regulation year one design changes - policy meetings Stakeholder comments Rename Group View/Edit Properties View Impact Add Existing Group/Document New Group New Page Link Remove Group Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below Update Document Title View/Edit Properties View Impact Remove Document Delete Document Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below View Impact View/Edit Properties View Impact Remove Page Link Create a copy Delete

History

Implementation: In compliance with FERC Order 755 – Pay for Performance (PFP) API Report, the ISO deployed a new API AS_MILEAGE_CALC, which provides the system performance accuracy, average instructed mileage and system mileage multiplier publication, with the fall 2013 release.
FERC approval: September 20, 2012
Tariff amendment filing: April 27, 2012
Board of Governors approval: March 23, 2012

{1} ##LOC[OK]## {1} ##LOC[OK]## ##LOC[Cancel]## {1} ##LOC[OK]## ##LOC[Cancel]## Loading Data... Pay for performance regulation - tariff Pay for performance regulation - implementation Rename Group View/Edit Properties View Impact Add Existing Group/Document New Group New Page Link Remove Group Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below Update Document Title View/Edit Properties View Impact Remove Document Delete Document Undo Changes Copy Item Paste Paste as Child Paste Above Paste Below Move Move as Child Move Above Move Below View Impact View/Edit Properties View Impact Remove Page Link Create a copy Delete