FEBRUARY 11-12, 2014| WESTBOROUGH, MA

Carissa P. SedlacekMANAGER, RESOURCE ANALYSIS INTEGRATION

Timeline Modifications – Meeting #2

Non-Price Retirements

Background

• Under the current timeline, a resource with a Non-Price Retirement (NPR) rejected for reliability may decide after the auction whether or not to retire

• ISO-NE is proposing a change to the NPR timeline to address this timing issue

• A version of the ISO proposal was first presented at the October 2013 Markets Committee (MC)

• Market Rule redlines have been provided with this presentation

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Proposed Change

• Revise Tariff Section III.13.2.5.2.5.3.(a)(iii)

• Scope: For resources retained for reliability, the election to retire will occur no later than 15 calendar days prior to the commencement of the relevant Forward Capacity Auction

• No other Tariff changes will be sought at this time

• This change is independent of the “Resources Retained for Reliability” project which presented in September – October 2013– Further discussions of this project are expected later in 2014

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Next Steps

• At the March MC meeting, the ISO will request a vote on the NPR timeline change– Request action by the Participants Committee in April– Effective date no later than June 1, 2014

• It is intended that the new rule would be in place for FCA #9

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