February 5, 2013 - Mc meeting

1. February 5, 2013 - Mc meeting Robert B. Burke rburke@iso-ne.com O: (413) 535-4356 C: (860) 833-5370 M-20 Forward Capacity Market (FCM) Changes

2. Background • At the December 13, 2012, MC voted to recommend changes for Price Responsive Demand Full Integration • NPC approved those changes at their January meeting • Part of those changes included the addition of: • Two Sections III.8 • Section III.8A – for CCPs beginning before June 1, 2017 • Section III.8B – for CCPs beginning on or after June 1, 2017 • Two Sections III.E • Section III.E1 - for CCPs beginning before June 1, 2017 • Section III.E2 - for CCPs beginning on or after June 1, 2017

3. M-20 Forward Capacity Market (FCM) • Manual 20 was designed to provide a road map of the actions that a market participant must take under FCM • Provide additional information or details regarding steps or actions Market Participants must take as defined in Section 13 that pertain to the Forward Capacity Market

4. Changes Required • M-20 needs to be updated for PRD full integration • Commencing with FCA #8 demand response resource assets will be subject to baseline calculations per Section III.8B • Commencing with FCA #8 demand response resource assets will be registered and metered per Section III.E2 • M-20 needs to retain those actions necessary for upcoming CCPs during the transition period • CCPs before June 1, 2017 are covered by Section III.8A and Section III.E1 • Result: New Attachment L

5. Attachment L • List the additional actions that the Market Participant must take during 2013 and 2014 • Not intended to be a replacement for understanding the Market Rule • Written in a similar matrix format • Requirement in main body of M-20 still apply

6. Schedule