CPS monitoring requires that participants regularly submit CPS reports. Failing to do so may result in the project being terminated as an FCM resource (see Market Rule 1 Section III.13.3.3, Failure to Meet Critical Path Schedule).
A project sponsor must provide a CPS report for each resource required to comply with CPS monitoring. CPS reports are updated versions of the initial CPS submitted during the qualification process. A CPS report has these requirements:
All new resources, except certain demand capacity resources (see below), are required to report on the following major milestones:
A simple CPS may be submitted by demand capacity resource projects installed at either:
A simple CPS requires that participants provide the project’s expected commercial operation date and the megawatt amount to be achieved by each of the two target dates determined by the ISO Tariff. (See Market Rule 1, Section III.220.127.116.11, Documentation of Milestones Achieved.) The target dates are used in the monitoring process to ensure that the project is on track.
A simple CPS consists of three milestones:
A full CPS is required for demand capacity resources a single facility with 5 MW or more of demand-reduction capability.
A CPS report must be submitted within the first five business days after the end of each calendar quarter or month, if the project has a revised milestone that requires more frequent monitoring by the ISO.
If a CPS report is not submitted within these windows, the ISO will notify the lead market participant and allow for five additional business days. If the report is still not submitted, the project may be terminated as an FCM resource (see Market Rule 1 Section III.13.3.3, Failure to Meet Critical Path Schedule).
Once the project fully achieves FCM commercial operation, no additional CPS reporting is required.
A project sponsor may withdraw its resource, in full or in part, from CPS monitoring at any time after the FCA by submitting an Ask ISO case. Any resource withdrawn from CPS monitoring is subject to termination (see Market Rule 1, Section III.13.3.6, Withdrawal from Critical Path Schedule Monitoring).
If any portion of the project then decides to participate in the FCM in the future, the project sponsor must submit a new show-of-interest (SOI) form and go through the full qualification process again.