ALTERNATIVE FUNDING AGREEMENT
At the June 10, 2015, Peak Reliability Annual Meeting, membership voted to approve an Alternative Funding Agreement (AFA) for Peak. This agreement replaced Peak’s previous funding arrangement which was through Section 215 of the Federal Power Act.
Funding parties representing no less than 90 percent of Net Energy for Load (NEL) in the US portion of the Western Interconnection were required to execute the AFA for it to become effective. On August 7, 2015, Peak met this threshold and subsequently, on August 11, 2015, it made an informational filing with FERC advising that it was no longer seeking Section 215 funding for those Funding Parties.
A copy of the final Alternative Funding Agreement is available on the Peak website HERE.
A copy of the August 7, 2015 Peak News Bulletin announcing the achievement of the threshold is available HERE
A copy of Peak’s August 11, 2015 informational filing with FERC is available on the Peak website HERE
To subscribe to receive stakeholder information via email about the Alternative Funding Agreement - please click on this link.