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Revisions to Ownership Share and Asset Registration Process

Proposed revisions to Manual M-28 and M-RPA to allow daily changes in Ownership Shares and address known issues in Asset Registration Process. These changes aim to provide added flexibility for Market Participants. No Tariff changes required.

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Revisions to Ownership Share and Asset Registration Process

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  1. June 2, 2015 | NEPOOL MARKETS COMMITTEE Jay Dwyer Markets Committee Relations & Rule Integration413.535-4135 | jdwyer@iso-ne.com Revisions to Manual M-28 & M-RPA to allow daily rather than monthly changes in Ownership Shares Ownership Share Change Timing

  2. Three Sets of Changes are Proposed • Category One: • Changes required to implement the change in process for Ownership Share Changes summarized on a slide titled “Ownership Share Revisions”. • Category Two: • Changes to the Asset Registration Process identified by Market Participants or in audits. These are summarized in a slide titled “Asset Registration Revisions (known issues)”. • Category Three: • General Clean-Up Changes to the two Manuals. These are summarized in two slides titled “General Clean-Up”

  3. Overview • This project started with inquiries from Host Participant Assigned Meter Readers and ISO staff about allowing Ownership Share changes to become effective within a month; • No changes to the notice provisions are proposed; • The current monthly limitation appears to be based upon implementation limits that can now be overcome.

  4. Ownership Share Revisions

  5. Asset Registration Revisions (Known Issues)

  6. General Clean-Up

  7. General Clean-Up (2)

  8. General Clean-Up (3)

  9. Next Steps Schedule • These revisions allow added flexibility for Market Participants; • Today is the first presentation in the normally three-meeting process towards a vote; and • There are no Tariff changes required to permit this.

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