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Compensation for Restoration Energy (fka IR039) MSC-2018-12

Last Modified - 02/18/2022
2019 2020
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
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CD
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FERC
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Create mechanism to settle for energy provided and delivered during a system restoration event.

This issue was originally RSC003 submitted in 2013 and resubmitted to the MSC November 2018.

(formerly IR039)

Phase

Next Update

Origin

Stakeholder

Status

Completed

MISO Roadmap

Updates

08/06/2020

Changed phase from FERC to Complete (issue is now Closed). FERC accepted the requested implementation date of June 28, 2020. There is no "Validation" phase necessary because the change is a tariff revision adding Schedule 52.

07/10/2020

FERC order on July 10, 2020-Order Docket no. ER20 1673 000 -001

06/23/2020

MISO submitted an amendment regarding the 4/28 Tariff filing to provide a permanent framework for handling a Restoration Event, including the determination, recovery, and allocation of costs required to restore energy.

04/28/2020

FERC filing submitted (Docket No. ER20-1673-000). Next update expected in Q4 at the Market Subcommittee.

03/05/2020

Tariff language on Schedule 52 and Module D presented to the Market Subcommittee. A FERC filing is anticipated for late March.

02/06/2020

Compensation for Restoration Energy FERC Filing targeted for March/April 2020. Draft Tariff language will be reviewed at the March Market Subcommitee.

12/03/2019

Presented to the MSC. Stakeholder Feedback requested regarding cap and 205 filing for additional, non-typical start-up costs.

11/04/2019

Timeline changed to reflect Implementation in Q3 2020 as part of the 2020 Integrated Roadmap prioritization.

10/10/2019

Compensation framework for restoration energy presented to the MSC. FERC Filing targeted for Q1/Q2 2020

06/06/2019

Task Team favors an as-offered cost compensation for resource vs. a filed rate. Allocation methodology requires additional detailed discussion.

03/07/2019

The Compensation for Restoration Energy Task Team (CRETT) created to refine the scope and approach for the issue of Compensation for Restoration Energy as outlined in the Compensation for Restoration Energy White Paper.

11/08/2018

Overview presentation delivered to Market Subcommittee (MSC) framing the issue and considerations for next steps. A Restoration Energy Whitepaper was previously developed with a means for cost recovery and allocation. Working sessions will be schedule for early 2019 to develop framework for eventual Tariff filing.

08/09/2018

Issue introduced to MSC for input; pending acceptance for active engagement. A feedback request was opened through August 23 for stakeholders to send comments or potential approaches. This will be discussed with the MSC again in September 2018.

07/25/2018

Issue brought to the Steering Committee for reassignment from Reliability Subcommittee (RSC) to Market Subcommittee (MSC). Steering Committee agreed with recommendation. The MSC will discuss a path forward.

11/17/2015

Added to the Market Roadmap.

08/18/2015

The liaison to the Emergency Preparedness/Power System Restoration Working Group (EPPSRWG) reported that a whitepaper was developed by a task team. A MISO Operations Evaluation determined that more extensive enhancements were required, and the topic was added to the Market Roadmap for further evaluation. The project was ranked in the middle priority for the Roadmap: this topic should be considered "on hold" until the Market Roadmap process is complete. If the issue is not included in the 2015 cycle, it will be considered as a candidate for the 2016 Market Roadmap process.

04/30/2013

MISO reported to the Market Subcommittee (MSC) that it included incremental adjustments to the pricing mechanism to allow market settlements to be factored into compensation for restoration.

02/05/2013

MISO reviewed draft concept with Market Subcommittee (MSC). MISO will return to MSC in April with updates based on feedback received.

09/04/2012

MISO to develop draft concept for DA Market Implications of the compensation of restoration energy.

08/07/2012

Draft whitepaper reviewed by Market Subcommittee (MSC).