Lead Sponsor's Description of the Issue:
In November 2024, Western Power Pool (WPP) submitted two FERC 205 filings to the Federal Energy Regulatory Commission (FERC) proposing changes to the WRAP Tariff outlined in Proposals 2024-EP-1 and 2024-NTFP-1. The WRAP Business Practice Manuals (BPMs) require a series of corrections in response to updates to Tariff language included in these filings. The timeline of events leading to the changes described in this document is as follows.
On April 22nd, 2024, the Resource Adequacy Participant Committee (RAPC) published a letter to the region reaffirming commitment to the program and highlighting significant developments since WRAP design began. In an effort to obtain a critical mass of participation in 2027, an Expedited Proposal was developed for a revised transition plan (2024-EP-1) that would expand and extend transition provisions while maintaining Winter 27-28 as the latest possible first binding season for the program.
2024-NTFP-1 was introduced by WPP to the Program Review Committee (PRC) on June 21st, 2024, to provide changes needed to ensure the Tariff reflected WRAP’s intended design and procedures. Three categories of changes were identified within this request, including changes to:
- Correct errors and provide non-substantive clarifying edits;
- Ensure the Tariff reflects the original intent of the program design at the time that the Participants were developing the Tariff; and
- Revise the Tariff for additional efficiency based on the operating experience to date and review during BPM development.
If approved by FERC on January 27th, 2025 both the Expedited Proposal and 2024-NTFP-1 will have an effective date of March 16th, 2025. The changes and corrections from these proposals affect the following governing BPMs:
- BPM 107 Forward Showing Deficiency Charge
- BPM 109 Forward Showing Transition Period
- BPM 206 Settlement Pricing
- BPM 210 Operations Program Transition Period
- BPM 301 Workplan Development and Approval
- BPM 401 New Participant Onboarding