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SCHEDULE 2 - REACTIVE SUPPLY AND VOLTAGE CONTROL

Change Schedule 2 revenue recipient


QUESTION

I currently receive Schedule 2 compensation, but I need to change the revenue recipient to a different Market Participant (“MP”).  How do I do that?


SOLUTION
The steps required to change Schedule 2 revenue from one MP to a different MP can differ based on the reason for the transfer.  Both scenarios below will require the involvement of the current and the new revenue recipient.

Scenario 1:
No change in ownership has occurred.  The current revenue recipient simply needs revenue to be collected by a different MP than currently receives it.

  1. The current revenue recipient should open a case in the MISO Help Center under Category: Supplemental Registration>Type: Schedule 2 – Reactive Power>Sub-Type: Transfer.
  2. The current revenue recipient should indicate a Requested Effective Date (should be the first day of a calendar month) and include the following information in the Description box:
    1. Affected generator(s) name(s)
    2. Affected generator(s) current annual revenue requirement(s)
    3. Affected generator(s) transmission pricing zone
    4. The new revenue recipient’s name and NERC ID
  3. The new revenue recipient should also open its own case in the MISO Help Center under Category: Supplemental Registration>Type: Schedule 2 – Reactive Power>Sub-Type: Transfer.
  4. The new revenue recipient should indicate a Requested Effective Date (should be the first day of a calendar month) and include the following information in the Description box:
    1. Affected generator(s) name(s)
    2. Affected generator(s) current annual revenue requirement(s)
    3. Affected generator(s) transmission pricing zone
    4. The existing revenue recipient’s name and NERC ID​​​​​​​

Scenario 2:

A change in status, as defined by MISO’s Schedule 2, has occurred, which requires a change in revenue recipient.  A change in status includes but is not limited to the sale or transfer of ownership or operations of a generation resource. Prior to submitting a case in the MISO Help Center, the parties involved should determine if a FERC filing is required, based on MISO’s Schedule 2.

  1. The selling party (the current revenue recipient) should make any required filing with FERC, then open a case in the MISO Help Center under Category: Supplemental Registration>Type: Schedule 2 – Reactive Power>Sub-Type: Terminate.  A requested effective date should be specified, and the following information included in the Description box:
      1. Affected generator(s) name(s)
      2. Affected generator(s) current annual revenue requirement(s)
      3.  Affected generator(s) transmission pricing zone
      4. The new revenue recipient’s name and NERC ID (this helps identify the corresponding case for the new revenue recipient)
  2. The acquiring party (the new revenue recipient) should make any required filing with FERC, then open a case in the MISO Help Center under Category: Supplemental Registration>Type: Schedule 2 – Reactive Power>Sub-Type: Add.  All fields should be completed.

Once MISO has received all information and required filings/orders have been made/accepted, the change in revenue recipient will be executed.




The Schedule 2 Tariff can be accessed here:  https://www.misoenergy.org/legal/tariff/