Allocation of Disgorged Funds to Market Participants

On May 15, 2026, Federal Energy Regulatory Commission (FERC) issued an order granting AFTW Storage, LLC (AFTW) and Blackwell Test Facility, LLC (Blackwell) market-based rate (MBR) authorization effective June 2, 2026.  Docket No. ER26-2010-000 and ER26-2011-000.  AFTW and Blackwell requested a waiver to make the MBR authority effective before that date, but FERC denied that request and ordered AFTW and Blackwell to refund to the ISO the time value of gross revenues collected from the ISO prior to receiving MBR authorization. Both parties have made those refunds.

The ISO will distribute the funds to scheduling coordinators in proportion to their measured demand (excluding Transmission Ownership Right self-schedules and net demand of load following Metered Subsystems) in the ISO over the time period in question.

The ISO will include the disbursement in Neutrality charge code 8989 on the Trade Date June 18, 2026, T+9B initial settlement statement publishing on July 1, 2026. Billing for this statement will be reflected on the weekly invoice issuing on July 1, 2026. The disbursement will be made through a pass through bill (PTB).

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