SECTION I – GENERAL TERMS and CONDITIONS Table of Contents

SECTION I – GENERAL TERMS and CONDITIONS Table of Contents

SECTION I – GENERAL TERMS AND CONDITIONS Table of Contents I.1 Purpose and Components of this Tariff; ISO Objectives I.1.1 Purpose of this Tariff. I.1.2 Components of this Tariff I.1.3 ISO Objectives I.2 Rules of Construction; Definitions I.2.1 Rules of Construction I.2.2 Definitions I.3 Obligations of Market Participants and Other Customers I.3.1 Service Agreement I.3.2 Assets I.3.3 Maintenance and Repair I.3.4 Central Dispatch I.3.5 Provision of Information I.3.6 Records and Information I.3.7 Payment of Invoices; Compliance with Policies I.3.8 Protective Devices for Transmission Facilities I.3.9 Review of Market Participant’s Proposed Plans I.3.10 Market Participant to Avoid Adverse Effect I.4 Termination Of Status As A Customer I.5 Force Majeure, Liability and Indemnification I.5.1 Force Majeure I.5.2 Liability I.5.3 Indemnification I.6 Dispute Resolution I.7 Creditworthiness I.8 Rights Under The Federal Power Act I.9 Pre-Existing Contracts Exhibit IA – ISO New England Financial Assurance Policy Exhibit IB – [Reserved.] Exhibit IC – [Reserved.] Exhibit ID – ISO New England Billing Policy I.1 Purpose and Components of this Tariff; ISO Objectives I.1.1. Purpose of this Tariff: This Tariff provides the rates, terms and conditions for transmission, market and other services provided by the ISO within the New England Control Area. I.1.2. Components of this Tariff: This Tariff includes the following components: (a) these general terms and conditions (Section I) and the ISO New England Financial Assurance Policy (Exhibit IA) and the ISO New England Billing Policy (Exhibit ID); (b) the ISO Open Access Transmission Tariff (the “OATT”) (Section II); (c) the ISO Market Rule 1 (Section III); (d) provisions for the recovery of the ISO’s administrative expenses and the ISO's capital funding arrangements (Section IV); and (e) other attachments, including a pro forma Market Participant Service Agreement (Attachment A) I.1.3. Mission of ISO: The mission of ISO is (through means including, but not limited to, planning, central dispatching, coordinated maintenance of electric supply and demand-side resources and transmission facilities, obtaining emergency power for Market Participants from other Control Areas, system restoration (where required), the development of market rules, the provision of an open access regional transmission tariff and the provision of a means for effective coordination with other control areas and utilities situated in the United States and Canada): (a) to assure the bulk power supply of the New England Control Area conforms to proper standards of reliability; (b) to create and sustain open, non-discriminatory, competitive, unbundled markets for energy, capacity, and ancillary services (including Operating Reserves) that are (i) economically efficient and balanced between buyers and sellers, and (ii) provide an opportunity for a participant to receive compensation through the market for a service it provides in a manner consistent with proper standards of reliability and the long-term sustainability of competitive markets; (c) to provide market rules that (i) promote a market based on voluntary participation, (ii) allow market participants to manage the risks involved in offering and purchasing services, and (iii) compensate at fair value (considering both benefits and risks) any required service, subject to Commission’s jurisdiction and review; (d) to allow informed participation and encourage ongoing market improvements; (e) to provide transparency with respect to the operation of and the pricing in markets and purchase programs; (f) to provide access to competitive markets within the New England Control Area and to neighboring regions; and (g) to provide for an equitable allocation of costs, benefits and responsibilities among market participants. In fulfilling this mission and consistent with the preceding principles, the ISO shall strive to perform all its functions and services in a cost-effective manner, for the benefit of all those served by the ISO. To assist stakeholders in evaluating any major ISO initiative that affects market design, system planning or operation of the New England bulk power system, the ISO will provide quantitative and qualitative information on the need for and the impacts, including costs, of the initiative. I.2 Rules of Construction; Definitions I.2.1. Rules of Construction: In this Tariff, unless otherwise provided herein: (a) words denoting the singular include the plural and vice versa; (b) words denoting a gender include all genders; (c) references to a particular part, clause, section, paragraph, article, exhibit, schedule, appendix or other attachment shall be a reference to a part, clause, section, paragraph, or article of, or an exhibit, schedule, appendix or other attachment to, this Tariff; (d) the exhibits, schedules and appendices attached hereto are incorporated herein by reference and shall be construed with an as an integral part of this Tariff to the same extent as if they were set forth verbatim herein; (e) a reference to any statute, regulation, proclamation, ordinance or law includes all statutes, regulations, proclamations, amendments, ordinances or laws varying, consolidating or replacing the same from time to time, and a reference to a statute includes all regulations, policies, protocols, codes, proclamations and ordinances issued or otherwise applicable under that statute unless, in any such case, otherwise expressly provided in any such statute or in this Tariff; (f) a reference to a particular section, paragraph or other part of a particular statute shall be deemed to be a reference to any other section, paragraph or other part substituted therefor from time to time; (g) a definition of or reference to any document, instrument or agreement includes any amendment or supplement to, or restatement, replacement, modification or novation of, any such document, instrument or agreement unless otherwise specified in such definition or in the context in which such reference is used; (h) a reference to any person (as hereinafter defined) includes such person’s successors and permitted assigns in that designated capacity; (i) any reference to “days” shall mean calendar days unless “Business Days” (as hereinafter defined) are expressly specified; (j) if the date as of which any right, option or election is exercisable, or the date upon which any amount is due and payable, is stated to be on a date or day that is not a Business Day, such right, option or election may be exercised, and such amount shall be deemed due and payable, on the next succeeding Business Day with the same effect as if the same was exercised or made on such Effective Date: 8/27/2021 - Docket #: ER21-2220-000 date or day (without, in the case of any such payment, the payment or accrual of any interest or other late payment or charge, provided such payment is made on such next succeeding Business Day); (k) words such as “hereunder,” “hereto,” “hereof” and “herein” and other words of similar import shall, unless the context requires otherwise, refer to this Tariff as a whole and not to any particular article, section, subsection, paragraph or clause hereof; and a reference to “include” or “including” means including without limiting the generality of any description preceding such term, and for purposes hereof the rule of ejusdem generis shall not be applicable to limit a general statement, followed by or referable to an enumeration of specific matters, to matters similar to those specifically mentioned. I.2.2. Definitions: In this Tariff, the terms listed in this section shall be defined as described below: Active Demand Capacity Resource is one or more Demand Response Resources located within the same Dispatch Zone, that is registered with the ISO, assigned a unique resource identification number by the ISO, and participates in the Forward Capacity Market to fulfill a Market Participant’s Capacity Supply Obligation pursuant to Section III.13 of Market Rule 1. Actual Capacity Provided is the measure of capacity provided during a Capacity Scarcity Condition, as described in Section III.13.7.2.2 of Market Rule 1. Actual Load is the consumption at the Retail Delivery Point for the hour. Additional Resource Blackstart O&M Payment is defined and calculated as specified in Section 5.1.2 of Schedule 16 to the OATT. Additional Resource Specified-Term Blackstart Capital Payment is defined and calculated as specified in Section 5.1.2 of Schedule 16 to the OATT. Additional Resource Standard Blackstart Capital Payment is defined and calculated as specified in Section 5.1.2 of Schedule 16 to the OATT. Effective Date: 8/27/2021 - Docket #: ER21-2220-000 Administrative Costs are those costs incurred in connection with the review of Applications for transmission service and the carrying out of System Impact Studies and Facilities Studies. Administrative Export De-List Bid is a bid that may be submitted in a Forward Capacity Auction by certain Existing Generating Capacity Resources subject to a multi-year contract to sell capacity outside of the New England Control Area during the associated Capacity Commitment Period, as described in Section III.13.1.2.3.1.4 of Market Rule 1. ADR Neutrals are one or more firms or individuals identified by the ISO with the advice and consent of the Participants Committee that are prepared to act as neutrals in ADR proceedings under Appendix D to Market Rule 1. Advance is defined in Section IV.A.3.2 of the Tariff. Affected Party, for purposes of the ISO New England Billing Policy, is defined in Section 6.3.5 of the ISO New England Billing Policy. Affiliate is any person or entity that controls, is controlled by, or is under common control by another person or entity. For purposes of this definition, "control" means the possession, directly or indirectly, of the authority to direct the management or policies of an entity.

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    113 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us