FERC-516G, Electric Rates Schedules and Tariff Filings

In the Final Rule in Docket RM17-2, FERC (Commission) finds that current regional transmission organization (RTO) and independent system operator (ISO) practices with respect to reporting uplift payments and operator-initiated commitments, and RTO/ISO tariff provisions regarding transmission constraint penalty factors are insufficiently transparent, resulting in rates that are not just and reasonable, as discussed in the Order. To remedy these unjust and unreasonable rates, FERC requires, pursuant to section 206 of the Federal Power Act, that each RTO/ISO establish in its tariff: (1) requirements to report, on a monthly basis, total uplift payments for each transmission zone, broken out by day and uplift category (Zonal Uplift Report); (2) requirements to report, on a monthly basis, total uplift payments for each resource (Resource-Specific Uplift Report); (3) requirements to report, on a monthly basis, for each operator-initiated commitment, the size of the commitment, transmission zone, commitment reason, and commitment start time (Operator-Initiated Commitment Report); and (4) the transmission constraint penalty factors used in its market software, as well as the circumstances under which those factors can set locational marginal prices (LMPs), and process by which they can be changed (Transmission Constraint Penalty Factor Requirements).

The latest form for FERC-516G, Electric Rates Schedules and Tariff Filings expires 2021-06-30 and can be found here.