After the completion of all settlement cycles for 2019, 2020 and 2021 there are remaining unallocated charges for Generic and Flexible Resource Adequacy (RA) Capacity. Tariff section 40.9.6.2(d) states that the California ISO distributes any unallocated funds remaining after the ISO settles December monthly Resource Adequacy Availability Incentive Mechanism (RAAIM) Non-Availability Charges and Non-Availability Incentive Payments. Funds remaining from generic RAAIM are distributed to load serving entities (LSE) based on their load ratio share for the year and funds remaining from flexible capacity RAAIM are distributed based on their proportion of overall flexible RA capacity obligations for the year.
The ISO will distribute the unallocated RAAIM funds from years 2019, 2020 and 2021 through charge code 8835. The ISO will include notation specifying which funds are for generic RAAIM and which are for flexible RAAIM.
- Year 2019 unallocated RAAIM funds will be distributed on the daily T+9B initial settlement statement of trade date Jan. 29, 2024, to be published on Feb. 9, 2024.
- Year 2020 unallocated RAAIM funds will be distributed on the daily T+9B initial settlement statement of trade date Jan. 30, 2024, to be published on Feb. 12, 2024.
- Year 2021 unallocated RAAIM funds will be distributed on the daily T+9B initial settlement statement of trade date Jan. 31, 2024, to be published on Feb. 13, 2024.
- All three of these daily T+9B initial statements will be included in the Feb. 14, 2024 Market invoice, with invoice due date of Feb. 21, 2024.
The final Annual Unallocated Funds Disbursement amounts are as follows:
|
|
Principal
|
Accrued Interest
|
Total Distribution
|
|
2019 Flexible
|
$ 1,154,307.19
|
$ 68,008.56
|
$ 1,222,315.75
|
|
2019 Generic
|
$ -
|
$ -
|
$ -
|
|
2020 Flexible
|
$ -
|
$ -
|
$ -
|
|
2020 Generic
|
$ 9,431,337.99
|
$ 447,613.30
|
$ 9,878,951.29
|
|
2021 Flexible
|
$ 2,151,961.45
|
$ 77,409.99
|
$ 2,229,371.44
|
|
2021 Generic
|
$ 9,597,506.17
|
$ 345,239.83
|
$ 9,942,746.00
|
|
|
$ 22,335,112.80
|
$ 938,271.68
|
$ 23,273,384.48
|
Accrued interest was assessed for all three years through Feb. 21, 2024, to ensure that no additional invoice deviation interest will be assessed when the invoice containing these trade dates publishes on Feb. 14, 2024. |
