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  • Outcome
    On May 01, 2014 the ISO implemented a new 15-minute market with financially binding energy and ancillary services awards for internal generators, imports and exports and participating loads to comply with FERC Order No. 764, which required the ISO to offer intra-hour transmission scheduling. These market changes reduced barriers to integrating variable energy resources and addressed known market inefficiencies. Implementation of convergence bidding on the interties will occur on May 01, 2015. — Implemented: May 01, 2014; FERC approval: Mar 20, 2014; Tariff amendment filing: Nov 27, 2013 (ER14-495), Nov 26, 2013 (ER14-480), Oct 09, 2013 (RM10-11); Board of Governors approval: Sep 12, 2013, May 15, 2013