Docket Nos. ER12-2598-000 and ER12-2598-001 1

FEDERAL ENERGY REGULATORY COMMISSION

WASHINGTON, D.C. 20426

OFFICE OF ENERGY MARKET REGULATION

New York Independent System Operator, Inc.

Docket Nos. ER12-2598-000 and

ER12-2598-001

Issued: 10/24/12

New York Independent System Operator, Inc.

10 Krey Boulevard

Rensselaer, NY 12144

Attention: Mollie Lampi

Assistant General Counsel

Reference: Proposed Tariff Amendments to Resolve Shortfalls in Funding the NYISO’s Annual Operating Costs

Dear Ms. Lampi:

On September 7, 2012, and as amended on September 18, 2012, the New York Independent System Operator, Inc. (NYISO) filed proposed tariff revisions to its Open Access Transmission Tariff (OATT) Rate Schedule 1 to enable NYISO to access additional funds when needed, in order to resolve shortfalls in revenues recovered from its Transmission Customers to fund NYISO’s annual operating costs and Commission-assessed regulatory fees.[1]

Pursuant to the authority delegated to the Director, Division of Electric Power

Regulation – East, under 18 C.F.R. §375.307, your submittals are accepted for filing, effective January 1, 2013, as requested.

The filings were noticed on September 7, 2012 and September 19, 2012, with comments, interventions, and protests due on or before September 28, 2012 and October 9, 2012 respectively. Pursuant to Rule 214 (18 C.F.R. § 385.214 (2012)), to the extent that any timely filed motions to intervene and any motion to intervene out-of-time were filed before the issuance date of this order, such interventions are granted. Granting late interventions at this stage of the proceeding will not disrupt the proceeding or place additional burdens on existing parties.

This acceptance for filing shall not be construed as constituting approval of the referenced filing or of any rate, charge, classification, or any rule, regulation, or practice affecting such rate or service contained in your filing; nor shall such acceptance be deemed as recognition of any claimed contractual right or obligation associated therewith; and such acceptance is without prejudice to any findings or orders which have been or may hereafter be made by the Commission in any proceeding now pending or hereafter instituted by or against NYISO.

This order constitutes final agency action. Requests for rehearing by the Commission may be filed within 30 days of the date of issuance of this order, pursuant to 18 C.F.R. § 385.713.

Sincerely,

Jignasa Gadani, Director

Division of Electric Power

Regulation – East