Common use of PARTIAL UNIT ICAP SALES Clause in Contracts

PARTIAL UNIT ICAP SALES. This is Open Project P19 in the Northeast ISOs Seams Resolution Report. • Description and background: ISO-NE’s SMD 1.0 does not support the sale of UCAP to external control areas from portions of units. The Commission has directed that this functionality be added. ISO-NE is considering several options for resolving this issue including potential solutions that could be implemented with a resource adequacy mechanism by December 2004. • Milestones and timetable: ▪ ISO-NE will prepare a proposal for discussion with the Markets Committee (“MC”) no later than the August 2004 MC meeting. ▪ A final proposal will be presented to the MC for vote at the September 2004 meeting, and to the Participants Committee (“PC”) for a voteat the October 2004 PC meeting. ▪ This will support a filing at the Commission in October for a December 2004 implementation date.

PARTIAL UNIT ICAP SALES. This is Open Project P19 in the Northeast ISOs Seams Resolution Report. • Description and background: ISO-NE’s SMD 1.0 does not support the sale of UCAP to external control areas from portions of units. The Commission has directed that this functionality be added. ISO-NE is considering several options for resolving this issue including potential solutions that could be implemented with a resource adequacy mechanism by December 2004. • Milestones and timetable: ▪ ISO-NE will prepare a proposal for discussion with the Markets Committee (“MC”) no later than the August 2004 MC meeting. ▪ A final proposal will be presented to the MC for vote at the September 2004 meeting, and to the Participants Committee (“PC”) for a voteat vote at the October 2004 PC meeting. ▪ This will support a filing at the Commission in October for a December 2004 implementation date.