NEW ENGLAND POWER POOL

Welcome

The New England Power Pool (NEPOOL) was established in 1971 as a voluntary association of market participants from the six New England States.  The Participants Committee is the principal governing body of NEPOOL, which considers and acts on all matters affecting the New England region’s wholesale electric power arrangements, either directly or by delegation. The Participants Committee is made up of six energy Sectors in which every NEPOOL Participant, together with its Related Persons, is entitled to have a member and alternate.  The six Sectors are each represented by an Officer that is selected by the Sector on an annual basis. A Committee Chairman is elected from among those Officers.  The Participants Committee meets monthly in a New England locale, typically in Boston or its environs, and has an annual Summer Meeting, typically at the end of June, at locations throughout the New England States.  


Dec 15     FERC conditionally accepts ISO-NE Response to Show Cause Order, subject to 2 compliance
                 filings
.  On December 15, the FERC conditionally accepted, subject to two additional compliance filings, 
                ISO-NE's tariff revisions providing for the review and potential mitigation of importers’ supply offers prior to
                each annual Forward Capacity Auction, which the FERC found "a significant step toward decreasing the
                opportunity for importers to exercise market power."  The first compliance filing is due on or before 
                Jan 14, 2015 and must correct an incorrect cross reference in Section III.13.1.3.5.7 (Qualification 
                Determination Notification for New Import Capacity Resources).  In the second compliance filing, due on
                or before Apr 1, 2015, ISO-NE must submit tariff revisions in time for implementation for FCA-10 "which allow
                importers to submit up to five price-quantity pairs, together with any necessary mitigation provisions to 
                address the exercise of market power" (finding implementation for FCA9 not feasible).   All remaining 
                requests and protests were rejected.  View order.

Dec 15     DC Circuit grants FERC’s motion to extend the stay of the issuance of the Court's mandate on its 
                Order 745 decision. 
The Clerk has now been directed to withhold the mandate through Jan 15, 2015
                and  if a petition for writ of certiorari has been filed with the Supreme Court, pending the Supreme Court’s 
                final disposition.

Dec 5       FERC grants Footprint CSO Deferral Request. 
The FERC granted Footprint’s request to defer its
                Capacity Supply Obligation until Jun 1, 2017.  View order.

Dec 3       NEPGA files Peak Energy Rent (PER) Complaint.  NEPGA filed a complaint requesting that the ISO 
                be directed (i) to increase the daily PER Strike Price by $250/MWh for Capacity Commitment Periods 
                5 through 8, and (ii) to eliminate the PER Adjustment for FCA9 and beyond, or, alternatively, to continue 
                the $250 per MWh increase in the PER Strike Price for FCA9.  (EL15-25) 
                Comment (and response) date Dec 23, 2014.  View Complaint.

Nov 26     Exelon and Calpine file New Entry Pricing Rule Complaint.  Exelon and Calpine filed a formal
                complaint, requesting fast-track processing and an order by Jan 23, 2015, and that the FERC "remedy 
                the impacts of ... resulting price suppression on other suppliers and the market ... consistent with the 
                approach taken in PJM."  (EL15-23)  Response and comment date Dec 16, 2014.  View Complaint.


** for additional recent regulatory developments, visit the Litigation Reports webpage.


Jan 9            Participants Committee - Teleconference.  materials.

Jan 13-14    Markets Committee - Westborough, MA DoubleTree Hotelmaterials.

Jan 20          Transmission Committee - Westborough, MA DoubleTree Hotel.  materials.

Jan 20          Reliability Committee - Westborough, MA DoubleTree Hotel.  materials.

Jan 21          Membership Subcommittee - Teleconference.  materials.    

Jan 21          PAC - Westborough, MA DoubleTree Hotel.  materials.

Jan 22          Budget & Finance Subcommittee - Telecofnerence.  materials.

Jan 22          Markets Committee - Westborough, MA DoubleTree Hotel.  materials.

Jan 27          Reliability Committee - Westborough, MA DoubleTree Hotel.  materials.
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