FERC Approves NYISO Capacity Market Revisions to Address Seasonal Reliability Risks

On June 26, 2026, FERC accepted New York Independent System Operator, Inc.’s (NYISO) proposal to modify its Installed Capacity market rules to address seasonal reliability risks and to account for seasonal availability of capacity supply. In doing so, FERC found that the revisions will enhance NYISO’s ability to send appropriate price signals through the Installed Capacity market, which will ensure sufficient capacity during winter periods. The revisions were accepted effective June 28, 2026.... By: Troutman Pepper Locke