Post emergency bid cost recovery filing review

The ISO made two emergency filings with FERC in the first half of 2011 to mitigate observed adverse market behavior. Several strategies were being employed that aimed to expand uplift payments. The ISO committed to conducting a process for stakeholders to comment and raise any further changes or refinements to proposed tariff amendments. The ISO has opened this initiative as a forum for stakeholders to discuss market behavior that expands bid cost recovery uplift payments and develop rule changes if necessary needed to address such behavior.