Any new capacity resource that wants to offer its capacity into a Forward Capacity Auction (FCA), must submit a Show-of-Interest Application by the appropriate qualification deadline. For the first FCA this is December 31, 2006. A new capacity resource must support their claimed qualified capacity (the amount they are required to bid at the starting price into the auction) in accordance with the ISO's qualification process.

Yes. There is a separate spreadsheet tab in the Show-of-Interest Application Excel workbook, which contains instructions for the completion of each line item.

Yes. All imports are considered new capacity resources in the Forward Capacity Auction (FCA) and should submit a Show-of-Interest Application unless they are an existing resource at the time of the first FCA, pursuant to a multi-year contract. A new multi-year import capacity contract that clears as a new capacity resource in an FCA will be treated as existing import capacity in a subsequent FCA.

The requirement for a Qualification Process Cost Reimbursement Deposit for the first FCA was requested to be made effective February 16, 2007, so that deposits are due on February 20, 2007. It is the ISO's intent to cease review of any Show of Interest Form if the Project Sponsor fails to submit its deposit by February 20, 2007.

Any listed existing capacity resource that does not request to change the qualification form sent to it, on April 2, 2007 for the first FCA, by the ISO will automatically be entered into the FCA consistent with the characteristics defined on the qualification form. An existing capacity resource must submit any export, permanent delist, or delist bids above 0.8x CONE during the qualification process. The existing resource qualification deadline for the first FCA is April 30, 2007.

Prior to the date of the first FCA, which is assumed to be February 1, 2008, the New capacity resource must notify the ISO using a Show of Interest Application during the Qualification process, for either the first or second FCA in which it wants to be treated as Existing capacity. The New resource must participate in the Qualification process the same as any other new resource. The ISO will evaluate it in a manner similar to a New capacity resource.

Once the capacity resource is Qualified, its offer or bid characteristics are fixed.

The Qualified MW value for an Existing capacity resource for each FCA qualification period will be the median of the last five (5) positive summer Seasonal Claimed Capability ("SCC") ratings using the summer SCC data available in October. This value will be in effect for the FCA and all annual reconfiguration auctions for the Commitment Period associated with that FCA. The only way this value can change is for a request for; i)Existing uprate, ii) incremental New capacity, or iii) all New capacity to be submitted during the qualification process and approved by the ISO. Other changes in the qualified value do not change the amount of capacity that is qualified for that Commitment Period.

A New capacity resource is given opportunities to cure a shortfall in capacity. If they fail to cure, the resource will lose proportionally its financial assurance and awarded capacity obligation. Curing may be done through a subsequent Reconfiguration Auction or a bilateral contract.

New Intermittent Resources with an expected Qualified Capacity value of greater than 5 MW may submit an Eco Min number on the Show of Interest form if applicable. It is not required.

The Project Sponsor can describe its project using a single Show of Interest if the project can be interconnected with a single Interconnection Request. If the resources wants to submit multiple Show of Interests and a single Interconnection Request that is also permissible. The option also exists to submit multiple Shows of Interests for each generation resource and multiple Interconnection Requests if applicable. New Capacity Resources offered into the FCA must have asset identification. Project Sponsors should identify in the "General description of equipment configuration" entry of the Show of Interest form if the Project Sponsor wishes to offer individual units as separate Resources in the Forward Capacity Auction. If the Project Sponsor does not make such an indication, then the project will be modeled as a single Resource in the FCA.

The new capacity resource can only submit the MW quantity qualified for the FCA or withdraw from the FCA by not responding.

Yes, Resources that are currently operating under an RMR agreement are considered Existing Capacity, and as such, are required to participate in the Forward Capacity Market. Existing Capacity Resources will be notified of their summer and winter Qualified Capacity for the first FCA on approximately April 1, 2007. If no revisions are required to these capacity values and the Resource does not submit a Static De-List Bid, an Export Bid, an Administrative Export De-List Bid, or a Permanent De-List Bid above 0.8 x CONE by the Existing Capacity Qualification Deadline which is approximately April 30, 2007, then no further submissions or actions for that Resource are necessary, and the Resource shall be entered into the FCA at its summer Qualified Capacity.

A De-list bid can be rejected for reliability. If it is rejected for reliability reasons, it will be paid a "just and reasonable" rate as determined by the FERC. If a De-list bid is rejected for economic reasons during Market Monitor review, it will not be allowed to de-list in the FCA at the submitted price.

This will be done between rounds of the FCA. The offer will be accepted or rejected for reliability before the auction resumes.