EEU Participation in ISO-NE Forward Capacity Market

In an attempt to address concerns regarding regional electric capacity, ISO-New England ("ISO-NE"), with approval from the Federal Energy Regulatory Commission, is currently developing a Forward Capacity Market that allows demand resources, such as energy efficiency, to be bid into the market on a comparable basis with supply resources such as generation. Since the commitment period for Forward Capacity Market resources will not begin until June, 2010, ISO-NE has developed rules for a Transition Period, starting in December, 2006, and extending through May 31, 2010. During this Transition Period, available capacity in New England, including demand resources such as energy efficiency, is eligible to receive capacity payments at a fixed price per kW established by the Transition Period rules. In the Transition Period, savings claims can be made for energy efficiency savings that have been obtained since June, 2006.  This page tracks issues associated with the Energy Efficiency Utility's ("EEU") participation in the Forward Capacity Market.

Board Orders and Memos

• September 28, 2006 -- Memorandum requesting comments on whether the EEU should participate in the ISO-NE Forward Capacity Market Transition Period and how any payments from that market should be spent to benefit ratepayers
• December 14, 2006 -- Order concluding that the EEU should participate in the ISO-NE Forward Capacity Market Transition Period and the development of the Forward Capacity Market rules
• March 5, 2007 -- Memorandum requesting comments on:  (1) whether Vermont Energy Investment Corporation ("VEIC"), the entity serving as the EEU, should participate in the Forward Capacity Market beyond the Transition Period, and (2) the appropriate distribution of funds received from the Forward Capacity Market Transition Period
• June 6, 2007 -- Letter to VEIC regarding its approach to the qualifications package that VEIC must submit in order to participate in the Forward Capacity Market Auction
• April 8, 2008 -- Memorandum requesting comments on paying Contract Administrator's costs related to the Forward Capacity Market out of funds received from that market
• April 9, 2008 -- Memorandum requesting comments on disposition of funds received from the Forward Capacity Market

Background Information

• Comments on Board's September 28, 2006, Memorandum
  • BED
  • CLF and VPIRG
  • CVPS and GMP
  • DPS
  • IBM
  • Jonathan Lesser e-mail, Attachment
• Comments on Board's March 5, 2007, Memorandum
  • CVPS
  • CLF and VPIRG, Attachment (October 2006 Comments)
  • VEIC
  • DPS
• Reply comments
  • CLF and VPIRG
• DPS comments on VEIC's proposed strategy for participating in the Forward Capacity Market
• Comments on Board's April 8, 2008, Memorandum
  • CVPS
  • DPS
  • GMP
  • VEIC
  • VPPSA
• Comments on Board's April 9, 2008, Memorandum
  • CLF and VPIRG, attachments one and two
  • CVPS
  • DPS
  • GMP
  • VPIRG
  • WEC

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