FERC Order Approving CAISO Order 755 Compliance Filing

Posted: September 20, 2012 - 11:46 / FERC Order 755 / ESA Filings

The Commission finds CAISO’s proposed tariff revisions to be just and reasonable
and in compliance with the Commission’s final rule concerning compensation for frequency regulation in organized wholesale power markets, subject to the compliance filing directed below. Consistent with Order No. 755, CAISO’s tariff revisions address the requirement that a capacity payment at a uniform clearing price that includes opportunity costs be made to a resource to keep its capacity in reserve in the event that it is needed to provide real-time frequency regulation service. CAISO’s tariff revisions also address the requirement that performance payments reflect the amount of work each resource performs in real-time in response to the system operator’s dispatch signal.

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