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FTR Auction Revenue Distribution: Qualified Upgrade Awards

FTR Auction Revenue Distribution: Qualified Upgrade Awards. March 27, 2003 Douglas James, ISO New England. Qualifying Upgrade Awards. Agenda QUA Basics: What, Who, How Mechanics of Allocation Projects and Qualifying Upgrades QUA Demonstration FTR Auction QUA Inputs QUA Results.

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FTR Auction Revenue Distribution: Qualified Upgrade Awards

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  1. FTR Auction Revenue Distribution:Qualified Upgrade Awards March 27, 2003 Douglas James, ISO New England

  2. Qualifying Upgrade Awards • Agenda • QUA Basics: What, Who, How • Mechanics of Allocation • Projects and Qualifying Upgrades • QUA Demonstration • FTR Auction • QUA Inputs • QUA Results

  3. Qualifying Upgrade Awards - What • Characteristics • Direct share of FTR Auction revenue, determined auction by auction • Calculated for each on-peak and off-peak auction; Awarded with Auction settlement • Process be replaced by end of 2004 • References • MR1 Appendix C, Section 8 • Manual 6, Section 8

  4. Qualifying Upgrade Awards - Who • Eligibility for Awards • Pay for transmission upgrades, initially in service after March 1, 1997, making it possible to award additional FTRs in Auction (upgrades paid by RNS rate do not qualify) • Share costs, share Qualifying Upgrade Awards proportionately • Continue for upgrade life with payment of costs/support

  5. Qualifying Upgrade Awards - How • Process • Uses FTR Auction software • Allocates Auction revenue specific to each upgrade set in reverse sequence • Requires sequential modeling of all qualifying upgrade sets and all major RNS upgrades since first qualifying upgrade.

  6. Qualifying Upgrade Awards • Sequence • MR1: “…order…interconnection studies were completed. • Scope • Award QUAs when upgrade set is complete (independent of unit i/s date) • Issue: need NX-9s to model upgrade in FTR & QUA (also ARR, DA and RT)

  7. Qualifying Upgrade Awards • Cost Support and Award Shares • Project upgrades currently qualifying for QUAs are supported 50% by Project and 50% by RNS • 50% of QUA award to each • Project share awarded directly • RNS share distributed via 4-Stage ARR Process

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