J U N E 1 1 , 2 0 1 4 | N E P O O L M A R K E T S C O M M I T T E E

Jay DwyerI S O N E W E N G L A N D

Conforming Changes to Manuals for Energy Market Offer Flexibility and Re-Write of Manual M-11

Energy Market Offer Flexibility Conforming Manual Changes

Background on Manual M-11 Revisions

• Two Projects with two objectives:• When ISO began looking at M-11 for Energy Market

Offer Flexibility (EMOF) revisions it was already engaged in an internal review of M-11 to bring it up to date and reflect current policy on Manuals;• After internal review, the ISO incorporated some of the

up-date project into the EMOF effort.

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M-11 Revisions

• The proposed M-11 changes fall into several broad categories:• Changes to conform to EMOF Tariff Changes;• Corrections and clean-up changes (e.g., use of defined terms, grammar

issues, and Tariff or Manual section references);• Changes to reflect the new approach to Manuals by:

• Focusing on Market Participant rather than ISO activities;• Deleting provisions that restate Tariff provisions;• Eliminating examples and other material published elsewhere where possible;

and• Eliminating repetition or re-phrasing of the same subjects in different Manual

sections.• At the next MC meeting, the ISO will provide a red-lined and clean

version of the revamped M-11 along with a summary of the changes proposed.

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Approach to Other Manuals

• A more restrained approach:• Changes not related to Energy Market Offer Flexibility

will be limited to clean-up and corrections.• There were additional revisions considered for all these

Manuals (including Manual M-11) but some have been excluded or deferred because of a need to limit the scope of changes to meet the December 2014 effective date for these Manuals.• Red-lined versions and summaries of these revisions

will be presented at the next MC meeting.

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NCPC Payments Conforming Manual Changes

• Some of these Manuals also need to be revised to conform to NCPC Payments changes;

• In some cases, a judgment call has been made as to which set of changes (EMOF or NCPC) would include specific revisions; and

• NCPC Payments red-lined Manual revisions will be presented at the August Markets Committee meeting.

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Proposed Stakeholder Schedule• Today: Present the proposed changes to the

Committee;• July: Review the actual red-lined Manuals and

summaries of changes with the MC;• August: Present the Manuals for the second

time to the MC;• August/September: MC Vote on Manuals;• September/October: PC Vote on Manuals.

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ISO Closing Remarks

• Both the EMOF and NCPC Payments Tariff revisions are effective in December 2014;

• The NCPC Payments revisions will be made to these Manuals as revised for EMOF but must be made effective at the same time;

• Thank you for your time and attention.

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Questions, comments and concerns