Post Auction FCM: Critical Path Schedule (CPS

OCTOBER 20–23, 2014|NORTHAMPTON, MA
Post Auction FCM:
Critical Path Schedule (CPS)
Monitoring
Forward Capacity Market (FCM 101)
Simmi Chaudhury
ENGINEER
RESOURCE ANALYSIS AND INTEGRATION
Objective
At the completion of this training, you will be able to
describe the ISO’s process for monitoring the updates
to the Critical Path Schedule (CPS) .
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Topics
• Critical Path Schedule Monitoring
• Examples
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CPS Monitoring Requirement
• For each new resource required to submit a CPS in the
qualification process, the ISO monitors that resource’s
compliance with its CPS, if:
– Capacity from that resource clears in the Forward Capacity Auction
or
– Resource elects the ISO continue monitoring its CPS
• Project sponsor must provide a CPS report to ISO New England
at least once each calendar quarter
MR 1. Section III.13.3.1.1
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Purpose of CPS Monitoring
• Track the progress of new
resources on CPS monitoring until
they achieve commercial operation
• Maintain qualified capacity in
reconfiguration auctions or
bilateral periods consistent
with the expected commercial
operation date (COD)
MR 1. Section III.13.3.1.2
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CPS Report
• An update to either a Full CPS or a Simple CPS submitted and
accepted during the qualification process
• CPS report must include:
– Milestone or date changes from previously submitted schedule
– Proposed changes to project design and the impact on capacity
amount the resource will be able to provide
– Explanation of proposed changes
– Documentation of milestones achieved
– Additional relevant information and/or documentation regarding the
status or progress of the project, or any of the project milestones that
might be relevant to ISO’s evaluation
MR 1. Section III.13.3.2.
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Full CPS
Applicable Resource Types
New Generating Capacity Resource
New Import Capacity Resource
backed by a new external resource
New Demand Resource
with a single facility with Demand
Reduction Value of 5 MW or greater
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Full CPS
Documentation of Milestones Achieved
Must provide evidence to demonstrate completion of the
following milestones:
• Major Permits
• Interconnection Request
• Project Financing
• Substantial Site Construction
• Major Equipment
• Commissioning
• Transmission Upgrades
• Commercial Operation
Examples: To demonstrate completion of Major Permits Obtained
milestone, generating capacity resources may provide a copy of, or the
cover letter for the permit(s) from the permitting agency.
MR 1. Section III.13.3.2.2.1.a.
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Simple CPS
Applicable Resource Types
New demand resource involving
multiple facilities or a single facility
with a Demand Reduction Value
less than 5 MW
Example
Milestone
Summer DRV
Winter DRV
Target Date #1
1.000
1.000
Target Date #2
2.500
2.500
Commercial
Operation Date
5.000
5.000
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Simple CPS
Documentation of Milestones Achieved
Substantial
Project
Completion
Cumulative demand reduction value achieved five weeks
prior to each of the two subsequent FCAs
Examples: performance data, list of customers under contract, or a
combination of these and other relevant documents
Pipeline
Analysis
If cumulative percentage of total demand reduction value is
30% or less by the second critical path schedule target date
of CPS submitted for qualification, then the project sponsor
must provide a pipeline analysis
Additional
Relevant
Information
List of prospective customers, including customer name,
location, MW amount, and description of negotiation stage
Simple CPS Report form has been provided to accompany
CPS reports from projects with multiple facilities/assets.
MR 1. Section III.13.3.2.2.1.b.
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Quarterly CPS Reports
Reporting requirement:
• Submitted to ISO via FCTS by project sponsors
• Submitted no later than five (5) business days after the end of
each calendar quarter until 23:59 on the due date
– January, April, July, and October
If not submitted on time:
• ISO notifies the project sponsor of failing to comply with this
reporting requirement.
• ISO allows an additional five (5) business days for submission of
CPS reports not submitted by the due date
• Issues handled by Customer Support: [email protected]
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CPS Reporting Review Process
• If the ISO determines that a CPS milestone date has been
missed, or if the project sponsor proposes a change to any
milestone date in a quarterly CPS report, the ISO will:
– Consult with the project sponsor to determine the impact of the
missed milestone or proposed revision, and
– Determine a revised date for the milestone and for any other
milestones affected by the change including commercial operation
of the project
• If a milestone date is revised for any reason, the ISO may
require the project sponsor to submit updates to the CPS on a
monthly basis until the revised milestone has been achieved
MR1 Section III.13.3.3.
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Withdrawal from CPS Monitoring
• Project sponsor may withdraw its project from CPS monitoring
at any time by submitting an Ask ISO ticket
• ISO may deem a resource withdrawn from CPS monitoring if
the project sponsor does not adhere to the requirements of
MR1 Section III.13.3 - Critical Path Schedule Monitoring
MR1 Section III.13.3.6.
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Eligibility for Termination
• A new capacity resource becomes eligible for termination
when it has:
– Failed to cover its Capacity Supply Obligation(CSO) for the months the
project is non-commercial, or
– Successfully covered its CSO for two consecutive capacity commitment
periods but has not yet achieved commercial operation, or
– Lost the queue position associated with the project (generating
resource only)
• After consultation with the project sponsor, the ISO may
initiate the termination process
MR1 Section III.13.3.4. (c)
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Termination
Any resource withdrawn from CPS monitoring or subject to
termination will:
• Lose the non-commercial portion of its CSO
• Lose its right to any payments associated with that CSO
• Forfeit any financial assurance provided with respect to that CSO
through a FERC order
• Have its qualified capacity adjusted accordingly
• Have its capacity network resource capability adjusted accordingly
(generating resources only)
MR1 Section III.13.3.4. (c)
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Commercial Operation
• A new capacity resource is deemed to have achieved
commercial operation when it has:
– Completed all milestones on the CPS including system upgrades
required for qualification, and
– Demonstrated/verified 100% of its monitored capacity
• Then, a final commercial operation date is determined and
CPS monitoring ends
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EXAMPLES
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Example 1: Full CPS Update
Click Monitored CPS
to access the current,
approved version
Click Create Report
to submit a
CPS Report.
This screen displays
the currently approved
Full CPS information.
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Example 1: Full CPS Update
Displayed here is
Step 1 of the
CPS Report submittal
wizard. Milestones
can be added,
updated or removed
on this screen.
Updates made are
shown in this field.
Click Next to
proceed to
Step 2 of 2.
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Example 1: Full CPS Update
Enter reason for changes
made, and upload
supporting documents
Click Submit to
enter the report.
Step 2 of the CPS Report
submittal wizard.
Reason(s) for changes made
in Step 1 are entered here
along with supporting
documentation and any
additional information
related to the change(s).
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Example 2: Simple CPS Update
Click Monitored CPS
to access the current,
approved version
Click Create Report
to submit a
CPS Report.
This screen displays
the currently approved
Simple CPS information.
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Example 2: Simple CPS Update
Click Submit to
enter the report.
Review and update milestones as appropriate.
Be sure to enter reasons for changes entered
as well as provide supporting documentation.
Milestones are reviewed
and updated on this
screen. Reason(s) for
changes are also entered
along with supporting
documentation and
additional information
related to the changes(s).
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