Message-ID: <524925.1075852924931.JavaMail.evans@thyme> Date: Fri, 28 Sep 2001 14:39:31 -0700 (PDT) From: rbowers@nyiso.com To: tie_list_server@nyiso.com Subject: December 1999 2nd Settlement Adjustment Invoice Banking Instructions Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: RBowers@nyiso.com X-To: TIE_List_Server@nyiso.com X-cc: X-bcc: X-Folder: \LCAMPBEL (Non-Privileged)\Campbell, Larry F.\Inbox X-Origin: Campbell-L X-FileName: LCAMPBEL (Non-Privileged).pst The invoices for December 1999 settlement adjustments will be posted by 23:00 today, Friday, September 28, 2001. The NYISO apologizes for any inconvenience resulting in the delay in posting these invoices. Transmission Customers will observe adjustments to their settlements to: (1) recover costs related to adjustments made outside of the billing process; (2) adjust regulation penalty charges to zero for suppliers; and (3) adjust the NYISO clearing account balance to zero for December 1999 settlements. With regard to the adjustments made outside of the billing process, these adjustments could not have been corrected by a billing code or determinant data fix. As a result, the mechanism of paying and funding the adjustments is done outside of the billing process. The total adjustment of $581,563.37 was allocated across 13,147,961 MWh. Customers may validate their respective adjustments by computing their ratio shares of the $581,563.37 using 5,059,790 MWh as the denominator in their respective ratios of their December 1999 load. Customers will observe a difference in the denominators used in the ratio share allocation of this adjustment versus adjustment #3. This is due to the fact that the costs for adjustment #1 are not allocated to those that received payment through the adjustment, which would defeat the purpose of the adjustment. Prior to October 2000, the NYISO recovered or refunded differences in the revenue received from Schedule 1 charges, which were comprised of forecasted uplift & residual adjustments, and the costs actually incurred by adjusting subsequent month's Schedule 1 rates accordingly. In October 2000, the NYISO implemented a change in the tariffed Schedule 1 provisions that allowed the recovery and refund of these costs as they were incurred. In order to allow any changes in uplift and residual adjustments to be settled through the settlement adjustment process, the code implemented in October 2000 was used to report these costs to the market. This results in an over-collection which is being returned to Customers through an adjustment to their monthly balances. This billing treatment for the December 1999 settlement adjustments resulted in credits to the market totaling $5,219,402.09 allocated across 13,191,237 MWh. Customers where allocated their portion of adjustment #3 above, based upon their respective ratio shares of the 13,191,237 MWh of NYISO transmission service billed for the month. December 1999 settlement adjustment settlement dates have been changed to address the delay in invoicing. Payments due to the NYISO for December 1999 settlement adjustments are due to be received in the NYISO clearing account on Monday, October 15, 2001. Payments due to market participants will be made on Friday, October 19, 2001. Please refer to the attachment below for banking instructions. Regards, Randy A. Bowers Manager - Customer Settlements (See attached file: December_1999_2nd_Settlement Adjustment_Invoice_Banking_Instructions.PDF) - December_1999_2nd_Settlement Adjustment_Invoice_Banking_Instructions.PDF