Penalty Allocation Procedure Tariff Amendment

The ISO is proposing draft tariff language on the process it intends to follow when seeking authority from the Federal Energy Regulatory Commission to allocate the cost of any monetary penalties that regulatory bodies impose.  The proposed procedure follows FERC’s guidance in its Order Providing Guidance on Recovery of Reliability Penalty Costs by Regional Transmission Organizations and Independent System Operators.

Outcome

Board of Governors approval: December 15-16, 2011
FERC Order: March 2, 2012

FERC Filings and Order

Current stakeholder meeting

Tariff Development