On Monday, February 7, 2022, the ISO will be conducting the sixteenth Forward Capacity Auction ("FCA 16") as scheduled. Today, the D.C. Circuit Court of Appeals issued an order staying FERC's January 3, 2022 order, which terminated the Capacity Supply Obligation of Killingly Energy Center ("Killingly"). Absent other legal developments, the ISO will comply with this order in the conduct of the auction and will therefore unwind the actions it had taken to terminate Killingly. After FCA 16 is conducted, should FERC confirm the termination of Killingly, the ISO would adjust the auction results to reflect the removal of Killingly. Should there be anything else to report, the ISO will provide further notice to stakeholders.