Divisional Accounting project is underway; here’s a summary of the implementation phases, plus instructional resources for market participants
Note: Article updated 8/28/15 with reference materials and completed and upcoming project phases.
ISO New England launched the multi-year Divisional Accounting project to address requests from market participants to segregate settlement reporting by subaccounts so they can evaluate their positions by individual business unit, division, or generating facility. Financial assurance determination and billing/invoice will continue to be at the customer level (i.e., the aggregate of the subaccounts). Here’s a summary of the implementation phases as well as a comprehensive list of training materials, user guides, and other reference materials for market participants who elect to enable and use divisional accounting reporting.