FERC approved settlement agreements among CAISO, Pacific Gas and Electric and Calpine covering reliability-must-run contracts for three Northern California gas-fired plants, reducing the revenue they will receive and making them subject to a must-offer requirement.

CAISO, Pacific Gas and Electric and Calpine have settled their differences over the terms of the reliability-must-run (RMR) agreements.

FERC ordered hearing and settlement procedures in a dispute over reliability-must-run agreements filed by Calpine for generators in CAISO.