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May 06, 2015 3:14 PM 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 2014.

New York Independent System Operator, Inc. Key Developments

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.

New York Independent System Operator, Inc. Opens New Power Control Center

New York Independent System Operator's commitment to the reliability of New York state's bulk electricity grid and the efficiency of its wholesale markets. And in the new advanced power control center the NYISO has constructed. The USD 38 million, 64,000-sq-ft (5,946-sq-m) secure facility is located near Albany, New York, U.S. Here, operators work around the clock in 12-hour shifts to monitor and balance the supply and demand for power throughout the state. Video Monitoring Reliable operation of the grid requires constant vigilance balancing the supply of power with consumer demand for electricity on a moment-to-moment basis, every hour of the day, every day of the year. The NYISO's control center enables the ISO to use the latest control technologies and displays, improving its operators' ability to receive, process and monitor changing conditions throughout the region. The centerpiece of the NYISO's control center is its massive video wall, the larger such utility installation in North America. At 2,300 sq ft (214 sq m), the wall displays a digital representation of the state's electric grid and provides more than 3,000 live status points that offer NYISO staff vital system operations data, including line flows, line limits, transformer loading, voltages and generator output. System conditions are relayed at 6-sec intervals to the control center. Backup systems provide seamless switch-over capabilities in less than a second, ensuring 24/7 reliability. Operational Status The new facility's digital monitoring technologies support enhanced grid reliability and security by giving NYISO personnel real-time operational status of generation facilities and major transmission lines across the state as well as conditions in neighboring states. The center has been designated critical energy infrastructure by the federal government, highlighting the site's importance to maintaining the regional power supply. Regional electric system information, weather and lightning-strike data, power demand forecasts and other information also can be customized for display to assist operators in forecasting and mitigating potential system disturbances. By being able to more effectively control the supply of power to meet different levels of demand throughout the region and more closely monitor system conditions, the NYISO's new control center will further enhance the efficiency of wholesale electricity markets. For example, renewable energy is more economically handled by effectively managing wind forecasts, meteorological conditions and production. As New York seeks to meet the targets of its renewable portfolio standard, the control center's digital platform will continue to deploy evolving renewable resource management tools. Grand Opening At a ceremony marking the opening of the NYISO's new facility, Federal Energy Regulatory Commission Acting Chair Cheryl A. LaFleur recounted the journey from grid operators using lightbulbs plugged into the board for monitoring the flow of electricity to the advanced capabilities of the NYISO's new control center. The operators who sat in that control center and the operators who sit in this control center really have the same job, which is to keep the lights on. Hospitals and universities, stock exchanges and baseball stadiums, offices and homes, they all depend on electricity. They deserve the best, and they have it here. New York State Public Service Commission Chair Audrey Zibelman also noted the new control center's enhanced capabilities during the grand opening ceremonies. Being able to monitor and respond in real time to the increasing complexity of the system will be essential if we're going to meet goals of having a system that is reliable, resilient and affordable. The new facility replaces the organization's previous 44-year-old control center, which was built by the NYISO's predecessor, the New York Power Pool. That facility received significant upgrades and now serves as a fully functioning backup control center in compliance with North American Electric Reliability Corporation (NERC) requirements. The control center also harnesses critical advantages and efficiencies of grid control technologies installed as part of the NYISO's smart grid project, funded in part by the U.S. Department of Energy. Completed in June 2014, the initiative was conducted in partnership with transmission-owning utilities and power authorities, and involved extensive collaboration among contractors, stakeholders and government agencies. PMU Deployment The project successfully deployed phasor measurement units (PMUs) throughout the state. PMUs provide sub-second transmission of information to improve grid operators' ability to more quickly detect irregularities, predict problems and take corrective action to maintain reliability.

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