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SC Self Audit Lessons Learned 2006 Report (Trade Year 2004)

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Summary:

ISO Lessons Learned Report, Sixth Annual Scheduling Coordinators Self Audit, Operations Data and Compliance, April 19, 2006

Extract:

Executive Summary The ISO Tariff requires Scheduling Coordinators (SCs) to annually complete a self audit of their Settlement Quality Meter Data (SQMD) process. The self audit requires the SCs to examine their meter data processes to demonstrate appropriate controls to assure accurate reporting of SQMD and compliance with Local Regulatory Authority (LRA) requirements. Inaccurate reporting of SQMD to the ISO results in market cost shifting. The purpose of this Lessons Learned report is to share with all SCs and market participants the valuable information from the SC self audits, in order to help prevent similar issues from having a negative impact on SQMD and Market Settlement. This report provides a summary of SC identified findings, ISO good practices, and ISO recommendations from the self audit reports completed and reviewed in 2005. The ISO recommendations, if implemented, can enhance controls, validations, and checks to assure accurate and complete SQMD.

Document Locations:

• Settlement Quality Meter Data (SQMD)