NEPGA, NextEra and Exelon File Request for Rehearing and Clarification on Resource Retirement Order No. ER16-551

NEPGA, NextEra, and Exelon, filed a Request for Rehearing and Clarification of FERC’s order conditionally approving ISO-NE’s changes to the Forward Capacity Market rules governing resource retirements (No. ER16-551).  NEPGA, et al., ask FERC to grant rehearing on, in part, approving ISO-NE’s proposal that it, rather than the market participant, file Retirement De-List Bid and Permanent De-List Bid (Exit Bids) Prices with FERC under Section 205 of the Federal Power Act, and to clarify that ISO-NE is still expected to afford market participants flexibility with respect to forecasts and other inputs to their Exit Bids, in addition to applying a materiality threshold to any differences between the IMM and market participant prices.


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