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August 13-15, 2019 I Meredith, NH

August 13-15, 2019 I Meredith, NH. Time Limits on Resources Retained for Fuel Security. FCM Fuel-Security Reliability Review Refinement. 1. FCM Fuel-Security Reliability Review Refinement. WMPP ID: 124. Proposed Effective Date: December 2019.

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August 13-15, 2019 I Meredith, NH

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  1. August 13-15, 2019 I Meredith, NH Time Limits on Resources Retained for Fuel Security FCM Fuel-Security Reliability Review Refinement 1

  2. FCM Fuel-Security Reliability Review Refinement WMPP ID: 124 Proposed Effective Date: December 2019 A revision is required in the Forward Capacity Market, Section III.13.2.5.2.5A(j), to limit the retention of resources needed for fuel security to a two-year maximum time frame Without a change, a resource seeking to exit the markets, but is retained for fuel security, could potentially be retained beyond the intended Capacity Commitment Period • Further impacts the competitive processes in New England The proposed change will help prevent uncertainty and encourage efficiencies in the development of transmission to meet the Greater Boston Needs Assessment The tariff revision presented at the first meeting is unchanged; the ISO seeks a vote at the next Markets Committee meeting • The ISO is requesting that the change become effective prior to the issuance of the Order 1000 Request For Proposals (RFP) in December of 2019

  3. Proposal summary and tariff language The ISO is proposing to delete the phrase in subsection III.13.2.5.2.5A(j) concerning a fuel-security resource being needed for “another reliability reason” Section 13.2.5.2.5A(j) “The ISO shall perform an annual reevaluation of any Existing Generating Capacity Resources retained for reliability under this provision. If a resource associated with a Retirement De-List Bid that was rejected for reliability reasons pursuant to this section, is found to no longer be needed for fuel security, and is not needed for another reliability reason pursuant to Section III.13.2.5.2.5, the resource will be retired from the system as described in Section III.13.2.5.2.5.3(a)(1). In no case will a resource retained for fuel security be retained for fuel security beyond June 1, 2025.”

  4. Conclusion • Resources retained for fuel security in the FCM retire after a two-year retention limit has been met or the resource is no longer needed for fuel security purposes, whichever comes sooner • The ISO proposes to strike a provision of the tariff that could extend a resource’s retirement from the markets beyond the two-year fuel-security retention period • This provision is inconsistent with the objective of limiting out-of-market retentions in scope and timing • The ISO seeks clarity ahead of the solicitation for competitive transmission solutions in Greater Boston • Anticipate an effective date prior to the issuance of the Order 1000 RFP in December of 2019

  5. Stakeholder Schedule

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