Allocation of Disgorged Funds from FERC Order Doc. IN26-2-000

On April 7, 2026, the Federal Energy Regulatory Commission (FERC) approved a stipulation and consent agreement between its Office of Enforcement and Terra-Gen, LLC, 195 FERC ¶ 61,016 (2026). Terra-Gen agreed to disgorge $681,007 (plus interest) to the California ISO.  The order called for the ISO to allocate those funds “in its discretion for the benefit of CAISO’s customers, subject to prior approval by Enforcement of CAISO’s allocation plan.” 

The ISO will distribute the disgorged funds pro rata by each scheduling coordinator’s share of total metered demand from July 2020 to April 2022.

The ISO will include the disbursement in Neutrality charge code 8989 on the Trade Date May 8, 2026 T+9B initial settlement statement publishing on May 21, 2026. Billing for this statement will be reflected on the weekly invoice issuing on May 27, 2026. 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.

Please contact ISO Customer Service at 916-608-7320 with any questions.