NYISO presented additional data to the Budget and Priorities Working Group explaining its reasoning for rolling the remaining funds from this year’s budget cycle into a Rate Schedule 1 carryover.

NYISO proposed to increase the Rate Schedule 1 carryover to $5 million, while the Installed Capacity Working Group discussed different ways to incentivize transmission security via the markets.

NYISO presented its $204 million draft budget for 2025 to the Budget and Priorities Working Group, with an administrative rate of $1.319/MWh based on a 154,700-GWh transmission throughput.

NYISO's final 2025 project budget recommendation re-added several items, such as the storage as transmission project, that will be presented to the Management Committee later this year.

NYISO members approved new rules for ambient line ratings and HVDC lines.

NYISO at the BPWG on Wednesday released its final proposed budget for projects prioritized for next year, which increased more than 30% from last year and totaled $41.62 million.

NYISO presented the Budget and Priorities Working Group with 48 market projects that it is proposing to be included in its 2024 budget.

NYISO recommended ways to incorporate stakeholder feedback into its annual prioritization of internal projects and initiatives that will begin next month.