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July 06, 2015 4:22 AM ET

Electric Utilities

Company Overview of New York Independent System Operator, Inc.

Company Overview

New York Independent System Operator, Inc., a not-for-profit corporation, operates New York’s bulk electricity grid that administers New York’s wholesale electricity markets. The company is also involved in planning for the state’s electric power system; and advancing the technological infrastructure of the electric system. It monitors a network of approximately 11,000 circuit miles of high-voltage transmission lines. The company is based in Rensselaer, New York.

10 Krey Boulevard

Rensselaer, NY 12144

United States

Phone:

518-356-6000

Fax:

518-356-7584

Key Executives for New York Independent System Operator, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer and Vice President
Chief Operating Officer and Senior Vice President
Chief Information Officer and Executive Vice President
Senior Vice President of External Affairs
Compensation as of Fiscal Year 2015.

New York Independent System Operator, Inc. Key Developments

NYISO Presents at 10th Annual Platts Northeast Power & Gas Markets Conference, May-28-2015 03:45 PM

NYISO Presents at 10th Annual Platts Northeast Power & Gas Markets Conference, May-28-2015 03:45 PM. Venue: New York Marriott Downtown Hotel, 85 West Street at Albany Street, New York, NY 10006, United States. Speakers: Robert Pike, Director, Market Design, Product Management.

Federal Energy Regulatory Commission Orders New York Independent System Operator to File Tariff Revisions, Pro Forma Agreement for RMR Service

The Federal Energy Regulatory Commission directed the New York Independent System Operator (NYISO) to file tariff revisions to establish rates, terms and conditions for reliability-must-run (RMR) service under which generating units that announce their intention to shut down, but are needed to ensure transmission system reliability and the efficient operation of the NYISO markets, remain in service. The lack of tariff provisions for such service in NYISO creates uncertainty and could undermine the operation of the grid. The Commission explained that, without RMR service provisions, NYISO may be unable to ensure there is adequate generation where it is needed, or that such generation is adequately compensated so that it is available when needed. The Commission directed NYISO to submit a compliance filing within 120 days that includes tariff provisions governing the retention of, and compensation to, generating units required for reliability, and a pro forma service agreement for RMR service. Present order provided general guidance on the elements NYISO should address in its compliance filing. Those elements include a process for determining which generation resources seeking to deactivate are needed for reliability; compensation for RMR service, including accelerated cost recovery for generators that require upgrades, retrofitting or other investments; and how RMR costs should be allocated. The proposal also must include rules to prevent, or at least minimize, incentives for generators to toggle between market-based and RMR compensation for the same units. The Commission emphasized that, while RMR agreements may be appropriate, they should be of limited duration and not prolong out-of-market solutions that potentially could undermine price formation.

New York Independent System Operator Announces Executive Promotions

The New York Independent System Operator announced that it promoted Senior Vice President and Chief Information Officer Richard Dewey to executive vice president, with responsibility for operations, information technology and market structures. Thomas Rumsey was promoted to senior vice president of external affairs with responsibility for external affairs, media relations, corporate communications, government and regulatory affairs, stakeholder services and strategic planning.

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