Allocation of Disgorged Funds from FERC Enforcement Settlement Agreement

The California ISO is allocating funds provided to the ISO under an order from the Federal Energy Regulatory Commission (FERC). Sonoran West Solar Holdings, LLC, 189 FERC ¶ 61,174 (2024). The order approved a stipulation and consent agreement between FERC’s Office of Enforcement and an ISO market participant. Under the settlement agreement, the market participant agreed to disgorge funds to the ISO, with the ISO ordered to allocate the disgorged funds in the ISO’s discretion for the benefit of ISO customers.

The disgorged funds relate to day-ahead market bid cost recovery payments on four trade dates. The ISO is allocating the disgorged funds for each of the trade dates pro rata based on each ISO scheduling coordinator’s overall obligation to pay the costs of day-ahead market bid cost recovery for that date. 

The ISO will include the disbursement in Neutrality charge code 8989 on the Trade Date Jan. 22, 2025 T+9B initial settlement statement publishing on Feb. 4, 2025. Billing for this statement will be reflected on the weekly invoice issuing on Feb. 5, 2025. The disbursement will be made through a pass through bill (PTB). The PTB will reflect a single value representing the sum of the allocation for each of the four trade dates.