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IMPORTANT NOTICE
Attention: Scheduling Coordinator (SC) Settlements Contacts and/or Accounts Payable Third Notice - The ISO faxed the initial monthly FERC Fee invoices to Market Participants yesterday afternoon. However, the invoices did not contain the ABA number associated with wire transfers to the ISO FERC Fee bank account. Therefore, please use the following Bank Account information, if paying the invoiced FERC Fee on a monthly basis. ISO FERC FEE Account Information: ABA # - 12100358 ISO Account # 14897-03272 ISO Settlements & Finance XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX The following notice outlines the FERC Fee description, process and payment options for ISO Market Participants. FERC Fee - Market Notice Introduction FERC has authorized the ISO to collect FERC's annual charges from the Scheduling Coordinators (SCs) that use the ISO grid starting January 1, 2001. The annual fee is based on the product of the FERC fee and SCs' metered demand (load and export MWhs). The fee is currently estimated at $0.021/MWh and is subject to change. Load associated with transactions that do not use the ISO Controlled Grid will not be assessed the FERC fee. In accordance with FERC's March 14, 2001 Order on Amendment No. 35 to the ISO Tariff, 94 FERC ? 61,266, the California ISO has developed a procedure for invoicing and collecting the FERC Fee from Market Participants. The California ISO has also developed a way in which entities that wish to claim exemptions from this fee can provide the ISO with the appropriate data and request that they be exempted from charges. Process One business day before the Preliminary Invoice for a trade month is issued, the California ISO will issue a monthly invoice and data sheet to each market participant for FERC Fees. Contained within the Invoice and data sheet will be the SCs load and export data for the month, total exemptions for load and export, FERC Fee rate, total FERC fee charges, and total balance outstanding. A daily GMC Details file is already issued to SCs and can be used to verify metered load and export quantities. Payment of the FERC Fee is not required on a monthly basis if an Approved Credit rating is maintained, or financial security at a level sufficient to cover the outstanding obligation is maintained as stated in Section 7.5.1.2 of the Tariff. For those entities that elect to pay the FERC Fee on an annual basis and meet the requirements to make annual payments, those payments will be due 5 business days after the final invoice is issued after FERC has issued the applicable FERC Fee rate in the following year. Market participants that qualify to make annual payments must notify the ISO Client Relations department if they will be paying on a monthly or annual basis. Please inform the Client Relations department of your decision within one month of receiving your first invoice. Any SC payments received by the ISO will be held in an interest bearing account. Interest earnings will not be separately identified to the benefit of individual Scheduling Coordinators. A final invoice will be issued annually, by fax, after the FERC announces the final rate after April 30 of the following year. This invoice will contain the actual charge to the SC based on the FERC rate, finalized load and export data, and will take into account any payments made during the year. To claim an exemption from the FERC Fee, an entity must provide data showing that applicable load and export data was not associated with transmission transactions over ISO controlled grid. SCs requesting exemption from the FERC Fee need to provide their ISO Client Representative with the BAID, location, interchange ID, and quantities of load and export that are to be exempted. The ISO will assess the request for exemptions and will reflect any approved exemptions in the subsequent month's FERC Fee invoice. Any disputes concerning requested exemptions should be raised in the ISO's settlement dispute process. The ISO will annually inform the FERC of the total quantity of transmission transactions over the ISO Controlled Grid Due to the fact that the FERC Fee invoices will be generated using preliminary settlement's data, the load and export quantities may change once the settlement's data is finalized. Market Participants will see the revised data for the prior month on the subsequent month's invoice and data sheet. Timeline The ISO will issue invoices for FERC Fees to Market Participants commencing this afternoon. The process and timeline described above will begin with the April Preliminary Invoice. The FERC Fee invoice for April 2001 will contain invoices for January through April. If you have any comments please contact your Client Representative. Client Relations Communication CRCommunications@caiso.com
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