FERC Accepts ISO-NE’s Ten-Percent Threshold for Mitigating Generator Retirement Bids

On July 27, 2016, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) accepted a compliance filing from ISO New England (“ISO-NE”) that establishes a ten-percent materiality threshold before ISO-NE will mitigate a retirement bid in its annual Forward Capacity Auction (“FCA”). As first discussed in a previous Washington Energy Report blog post, on April 12 2016 FERC largely accepted ISO-NE’s proposed revisions to its Transmission, Markets, and Services Tariff (Tariff), but instructed the ISO to make certain corrections, which were addressed in this compliance filing. Continue reading