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Guidance Order on Conceptual Proposal for Honoring of Existing Transmission Contracts

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Summary:

Guidance Order on Conceptual Proposal for Honoring of Existing Transmission Contracts

Extract:

1. In this order, we address the California Independent System Operator Corporation’s (CAISO’s) conceptual proposal for honoring existing transmission contracts (ETC Proposal) under the CAISO’s Market Redesign and Technology Upgrade (MRTU). The purpose of the ETC Proposal is to solicit the Commission’s guidance so that the CAISO can either proceed as planned or modify its proposal as necessary. In this order, we approve in principle certain elements of the ETC Proposal, provide guidance and seek additional information and explanation of other elements, as discussed below. We note that the settlement and cost allocation issue is an intricate part of the ETC Proposal. Therefore, it is important that the CAISO provide the Commission with the additional information sought in a timely manner, to allow the Commission the time and opportunity to review the ETC Proposal in its entirety and provide further guidance, if necessary.

Document Locations:

• Honoring Existing Transmission Contracts (ETCs)
• FERC Orders and Notices - 2005