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Peak Funding Initiative WECC OC and PCC Meetings Outreach Work Group March 26, 2014.

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Presentation on theme: "Peak Funding Initiative WECC OC and PCC Meetings Outreach Work Group March 26, 2014."— Presentation transcript:

1 Peak Funding Initiative WECC OC and PCC Meetings Outreach Work Group March 26, 2014

2 Peak Funding Initiative Disclaimer The following does not represent decisions made by the participants of the Peak Initiative but rather what will be proposed by the sub-groups to the Initiative Work Group at its upcoming meeting

3 Peak Funding Initiative Peak Funding Group (PFG) consists of four sub-groups: Technical / Scope, Legal, Cost Allocation and Outreach Technical / Scope sub group: – Peak Reliability’s Core Functions and Services fall into three buckets: core functions identified in the standards which includes interchange administrator non-core functions that are of benefit to the members of Peak such as training voluntary activities such as providing daily study services such as the Idaho model – First two buckets would be paid through assessments – Third bucket would be separate individual agreements between Peak Reliability and the requestor of services

4 Peak Funding Initiative Legal work group: – has developed an initial draft contract without details; need output from Technical /Scope and Cost Allocation work groups – Funding agreement anticipated to be between Peak and the Balancing Authorities to minimize number of signatories Cost allocation work group: – objectives is to minimize “free riders” – All who participate in Peak Reliability should pay something – Based upon the performance of Peak Reliability, there should be on-ramps and off-ramps – payment of fines; will be a joint effort with the Legal work group; anticipate socialization of Peak fines

5 Peak Funding Initiative Outreach: – calendar of events on the webpage (peakrc.com) – Update report after each Peak Funding Initiative meeting – Next meeting of the PFG is April 9 th – Registered entities are encouraged to participate in the process – Outreach is to present to various groups, obtain feedback and provide responses to questions – Anticipate creating a FAQ sheet

6 Peak Funding Initiative Liaison has been established where your questions can be sent Russ Noble at Questions will be routed to the appropriate sub work group for a response Pursuant to the Peak Bylaws, approval of the bilateral agreement will require the BOD to approve and put forth to the Peak membership for their vote Membership vote will require a majority in each Class (1-5) and a majority of classes to vote in support

7 Peak Funding Initiative ?Questions?


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