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Enhancements to ISO New England's Settlement Reporting for Market Participants' Subaccounts

ISO New England’s current settlement system implements a single account per Market Participant. However, Market Participants expressed a need for subaccounts, allowing activity to be tracked and reported separately. To address this, ISO New England is enhancing its software to support subaccount features. Upcoming updates will reflect subaccount activities in settlement reports, ensuring transparency and detail in market reporting. Key phases include management in CAMS starting Q1 2014 and integration into NCPC and FCM settlements by 2015.

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Enhancements to ISO New England's Settlement Reporting for Market Participants' Subaccounts

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  1. Rachel Likover MANAGER, MARKET SETTLEMENTS Divisional Accounting Update

  2. Divisional Accounting Overview • ISO’s current settlement system provides one account for each Market Participant • Market Participants requested an option to create subaccounts, and  have activity by subaccount reflected in settlement reporting • ISO New England is working on software enhancements to fulfill this request • Settlement MIS reports will be augmented with a new section detailing the report activity in Participantdefined subaccounts • Subaccount activities will “roll up” and total to the same values published in the current settlement reports

  3. Implementation PlanAccount management in CAMS • Q1 2014 • CAMS Subaccount Management available • Q2 2014 • Asset assignment to subaccounts in CAMS reflected in settlement reporting, excluding NCPC settlements • Q4 2014 • Activity entry point assignment to subaccounts reflected in settlement reporting; subaccounts also in NCPC settlements • Q2 2015 • Subaccounts reflected in FCM settlement reporting • Q4 2015 • Subaccounts reflected in OATT and ISO Self Funding Tariff settlement reporting • Phase 1 (Q1 2014) • CAMS Subaccount Management available • Implemented: March 6, 2014 • Q2 2014 • Asset assignment to subaccounts in CAMS reflected in most Hourly Markets / Transitional Demand Response/Black Start Settlement reporting WebEx training for CAMS Subaccount ManagementFebruary 26, 2014 Session Materials CAMS User Guide for Company and Affiliate Maintenance • Q4 2014 • Activity entry point assignment to subaccounts reflected in settlement reporting; subaccounts included in NCPC and FTR settlements • Q2 2015 • Subaccounts reflected in FCM settlement reporting • This schedule: • may be modified to accommodate competing priorities. • Q4 2015 • Subaccounts reflected in OATT and ISO Self Funding Tariff settlement reporting

  4. Phase 1(Q1 2014) • CAMS Subaccount Management available • Phase 2(Q2 2014) • Asset assignment to subaccounts in CAMS reflected in most Hourly Markets / Transitional Demand Response/Black Start Settlement reporting • Phase 3(Q4 2014) • Asset assignment to subaccounts in CAMS reflected in NCPC settlement reporting Implementation PlanProjected Schedule • Phase 4( 2015) • Activity entry point assignments to subaccounts reflected in settlement reporting; subaccounts included in FTR settlements • Phase 5(TBD) • Subaccounts reflected in FCM settlement reporting • Phase 6(TBD) • Subaccounts reflected in OATT and ISO Self-Funding Tariff settlement reporting This schedule may be modified to accommodate competing priorities.

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