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Notice
April 6, 2020

REQUESTED ACTION

Information Only

CATEGORIES

Legal & Regulatory

Markets

FERC Order Places Hold on Amendment 60 Interest Resettlement

MESSAGE

On April 3, 2020, the Federal Energy Regulatory Commission ordered the California ISO to hold off applying interest until it has addressed the ISO’s two compliance filings that were submitted on March 2 and March 31, 2020. The ISO issued invoices and statements for the March 2, 2020 filing with a payment date of April 6, 2020.

 

The ISO will withdraw these invoices from our Market Results Interface - Settlements system, and will be returning any funds to parties that have already submitted payments. These payments will be returned within 24-48 hours; with all payments refunded no later than Friday, April 10, 2020.

 

The ISO will not issue invoices on April 9, 2020, as previously noted until further direction from the FERC.

 

Please see the April 3, 2020, FERC order at http://www.caiso.com/Documents/Apr3-2020_Order-ComplianceProcess-MarketResettlement-Amendment60-ER04-835-010.pdf.

 

Historical information

 

March 31, 2020 supplemental filing to report on the ISO’s plans to invoice interest on start-up costs as directed by the FERC with respect to Amendment 60 resettlement. The filing is available at http://www.caiso.com/Documents/Mar31-2020-SecondSupplementalCompliance-ER04-835-010.pdf.

 

March 2, 2020 filing includes the interest that was calculated on the minimum load resettlements through March 31, 2020. The filing is available at http://www.caiso.com/Documents/Mar2-2020-SuppComplianceFiling-Amendment60-ER04-835andEL04-103.pdf.

 

The Oct. 28. 2019 filing, which was in response to the FERC’s Aug. 28, 2019 order in the Amendment 60 docket, is available at http://www.caiso.com/Documents/Oct28-2019-ComplianceFiling-AmendmentNo60-Commission-ImposedMOO-ER04-835-EL04-103-EL14-67.pdf.

 

Reference material related to Amendment 60 and other Legacy Reruns is available for scheduling coordinators at http://www.caiso.com/Documents/Amendment60-OtherLegacyReruns_ReferenceMaterial-SchedulingCoordinators.pdf.

CONTACT INFORMATION

For any questions, please contact your client representative or ISO Customer Service at (916) 608-7320.

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California Independent System Operator | P.O. Box 639014 | Folsom, CA 95630 | United States