CRR Conference Call Meeting Minutes
Sep 02, 2015
The California Independent System Operator hosts a bi-weekly Congestion Revenue Rights (CRR) conference call on Wednesdays at 11AM. This is an opportunity for Candidate CRR Holders to ask general questions regarding the CRR process. Please send technical and proprietary questions/issues to .
Attendees
ISO: Yanni Chen (Host), Yu Wan, James Bonham, and Jim McClain.
Agenda
1) Introduction – Yanni Chen
2) Key Dates – Yanni Chen
3) Action Items – Yanni Chen
4) Revenue Adequacy – Jim McClain
5) General Questions/Comments – Market Participants
Key Dates – Yanni Chen
Monthly Process
· October outages will be posted on September 4.
· November historical load window opens on September 9 and close on the same day.
· November forecast load window opens on September 10 and close on September 11.
· October ETC market will be posted on September 9.
· Incremental update to October FNM will be posted on September 9.
· October Tier 1 market and will open on September 11 and close on the same day, results will be posted on September 15.
· October Set-Aside value and Tier 2 MEQ will be posted on September 16.
· October Tier 2 market will open on September 17 and close on the same day, results will be posted on September 21.
· November Tier 1 MEQ will be posted on September 16.
Annual Process
· Incremental release to the annual 2016 CRR FNM will be released on September 4. This will include minimal updates.
· 2016 TOR and ETC market results and 2017 TOR and ETC market results will be posted by September 11.
· 2016 Tier 1 (PNP) market will open on September 14 and close on September 16, results will be posted on September 21.
Action Items – Yanni Chen
· None
July 2015 Revenue Adequacy – Jim McClain
· Net CRR Revenues for July was in deficit of $11.96 million, as compared to $19.18 million revenue deficit in June.
· The break down for the month of July is as follows:
IFM Congestion Rents / $ 28.419 / MillionPerfect Hedge Adjustment / $ 3.053 / Million
CRR Payments / $ 37.326 / Million
CRR Revenue Adequacy (deficit)[1] / $ 11.96 / Million
· Total auction revenues for July were $9.563 million. The CRR Settlement Rule as 0.045 million. The Balancing account had a net deficit of $2.352 million to be allocated to measured demand.
The Top 3 elements with Revenue Insufficiency for interfaces were:
1 / NdGrp: 25203_ANAHEIMG_13.8_B1 / -$1.198 million2 / NdGrp: 34250_YOSEMITE_70.0_B1 / -$0.738 million
3 / NdGrp: 28102_TOT032G2_13.8_B1 / -$0.485 million
The Top 3 elements with Revenue Insufficiency for internal lines/xfmrs were:
1 / 30515_WARNERVL_230_30800_WILSON _230_BR_1 _1 / -$7.534 million2 / 30915_MORROBAY_230_30916_SOLARSS _230_BR_1 _1 / -$2.869 million
3 / 32214_RIO OSO _115_30330_RIO OSO _230_XF_2 / -$0.945 million
The Top 3 elements with Revenue Sufficiency for interfaces were:
1 / NdGrp: 22160_DEL MAR _69.0_B1 / $0.529 million2 / NdGrp: 18111_VALLEYVE_138_B1 / $0.413 million
3 / NdGrp: 18999_VEAJAF _138_B1 / $0.373 million
The Top 3 elements with Revenue Sufficiency for internal lines/xfmrs were:
1 / 30505_WEBER _230_30624_TESLA E _230_BR_1 _1 / $3.001 million2 / 34116_LE GRAND_115_34134_WILSONAB_115_BR_1 _1 / $0.657 million
3 / 30805_BORDEN _230_30810_GREGG _230_BR_1 _1 / $0.298 million
General Questions/Comments
· A concern was raised about the late updates being done to the 2016 CRR FNM and the delay in getting the latest version posted. The CRR team understands the concern and will consider the timing when looking at next year’s calendar. The goal of the CRR team is to provide sufficient time for participants to review the annual model but we also want to make sure the model we provide is the most up-to-date and accurate.
General Reminders
· Market participants may also request for items to be added to the agenda. Please send any agenda requests to by COB, Mondays.
· General comment/questions should be sent to in addition to sending it to the particular CRR team members.
Thank you,
CRR Team
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[1] Please note that these costs are based on the current settlement calculations. These numbers could be further revised in subsequent settlement runs.