ISO-NE files proposal to retain retiring resources for fuel security

ISO New England has filed a proposal with the Federal Energy Regulatory Commission (FERC) to retain resources seeking retirement on the basis of a fuel-security reliability need. The proposal was filed August 31 in response to a deadline imposed by FERC last month and concludes a months-long stakeholder process to develop interim tariff changes to address fuel-security concerns in the near term. Several amendments to the ISO proposal were considered by stakeholders through the NEPOOL Markets, Reliability, and Participants committees. Some stakeholder amendments were incorporated into the ISO’s final proposal. Following the August 31 filing, the ISO will begin stakeholder discussions to develop a market-based mechanism to address long-term fuel-security challenges facing the region. For background, read our Update on ISO-NE’s operational fuel security initiatives.