The Midcontinent ISO on Nov. 26 filed with the Federal Energy Regulatory Commission a request to terminate the Market Participant Agreement (MP Agreement) and two Transmission Service Agreements between MISO and Rattlesnake Creek Wind Project LLC.
“On Wednesday, November 19, 2014, MISO delivered to Rattlesnake Creek a margin call requiring it to provide additional financial assurances by November 21, 2014, for two confirmed, Long-Term Firm Point-to-Point transmission service reservations in the amount of 200 MW each, both of which were scheduled to commence on December 1, 2014,” said MISO. “Rattlesnake Creek did not provide the necessary financial assurances and on November 24, 2014, MISO provided to Rattlesnake Creek and submitted to the Commission a Notice of Suspension of Services, pursuant to section 7.14(a)(2) of the Tariff.
“The Notice stated that Rattlesnake Creek failed to cure a Total Potential Exposure violation and, as a result, effective November 26, 2014, MISO is suspending all services under its Service Agreements, MP Agreement, and any other agreements. Additionally, the Notice also stated that MISO will file with FERC to terminate Rattlesnake Creek’s MP Agreement, also effective November 26, 2014.
“In addition to the termination of Rattlesnake Creek’s MP Agreement, Rattlesnake Creek has two Transmission Service Agreements that currently are on file with the Commission that must be cancelled as a result of the Default. As of December 19, 2103, MISO succeeded [Entergy Services Inc.], the agent for the Entergy Operating Companies, as the Transmission Provider under these transmission service agreements. These agreements, designated as Service Agreement Numbers 847 and 852, were filed with the Commission during the Notice of Succession filing submitted by MISO in anticipation of the integration of the Entergy Operating Companies. Based on the Tariff and the Default provisions contained therein, by this filing, MISO is cancelling these two Transmission Service Agreements.”