Reason for changes: Updates to reflect changes from FERC Order 1000, switch to two-year planning cycle and revised benefit/cost test for Market Efficiency projects.

Impact: Adds a new section (2.1.2) on Market Efficiency projects and modifies planning time horizons.

Manual 28: Operating Agreement Accounting

Reason for changes: Incorporating changes to lost opportunity cost compensation as approved by FERC in Docket ER13-1200.

Impact:

• Lost opportunity costs will be limited to the lesser of a unit’s economic maximum or maximum facility output.
• Revises section 7.2 to incorporate details regarding shortage pricing (non-synchronized reserve lost opportunity cost calculations).
• Clarifies revisions to section 5 regarding exempting deviations during shortage conditions and associating interfaces to the East or West BOR regions.