Pay for performance regulation

FERC Order No. 755 requires 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.  To comply with the order, the ISO must file tariff language for the design in April 2012 and implement by October 2012.

Outcome

Board of Governors approval: March 23, 2012

Current stakeholder meeting

Tariff development

Policy development