NYISO’s budget would increase 2.5% next year but the rate schedule charge will increase 5.6% because of a forecasted drop in throughput.
FERC OK'd the 2024 business plans and budgets for the ERO, though Commissioner James Danly called for “a significant improvement in … speed and agility.”
CEO Rich Dewey told stakeholders at an ISO Management Committee meeting that he recommended Nelson to the Board of Directors, which approved the promotion.
FERC gave NERC the go-ahead to redirect already-budgeted funds and tap its reserves to pay for a congressionally mandated study.
NERC's Finance and Audit Committee approved a plan to fund the interregional transfer study that Congress ordered in June.
FERC accepted NERC's clarification of several elements of the ERO's 2023 budget.
Industry stakeholders expressed concern about the ERO's rising budgets and assessments in comments last week.
California Gov. Gavin Newsom and legislative leaders reached a budget deal that includes most of Newsom's controversial energy infrastructure bills.
MISO said the money it must expend on payroll and medical benefits will push it over budget through the end of the year.
EROs are increasing their budgets for 2024, with the increases largely funding personnel and meetings. Draft budgets are available for stakeholder comment.
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