Publication of Unscheduled Directed Recalculation Settlement Statements

On Dec. 13, 2023, in Docket No. ER24-691-000, the California State University Channel Islands Site Authority (CSU Site Authority) submitted a request for waiver of the application of sections 40.6.2 and 40.9 of the California Independent System Operator Corporation (CAISO) Open Access Transmission Tariff (Tariff) to Federal Energy Regulation Commission (FERC), in order to recover $851,459 in Resource Adequacy Availability Incentive Mechanism (RAAIM) penalties assessed by CAISO.

On March 20, 2024, in Docket No. ER24-1585-000, CSU Site Authority submitted an Offer of Settlement (Settlement) and associated revisions to its Reliability Must-Run (RMR) Agreement with CAISO to resolve all issues related to its waiver request in Docket No. ER24-691-000.

On May 15, 2024, FERC approved the order accepting the proposed revisions to the RMR Agreement, effective Feb. 1, 2022 authorizing the recalculation of market settlements to resettle under the revised rate change under the RAAIM.

The ISO will publish unscheduled directed recalculation settlement statements under run type Daily Rerun Market on Sept. 10, 2024 for the trading date Feb. 11, 2022 through June 30, 2022. The statements will reflect the outcome of updated RMR rates and RAAIM penalties under the FERC order issued in Docket No. ER24-1585-000 and Docket No. ER24-691-000.

A calendar reflecting the publication date, review period, invoicing, and interest assessment is available on the Unscheduled directed webpage.

Disputes may be submitted in accordance with section 11.29.7.4.8 of the ISO Tariff. Adjustments for any valid disputes related to incremental data changes will be reflected on a subsequent recalculation settlement statement.

Contact information

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