10 Krey Blvd., Rensselaer, NY 12144
Cheryl L. Hussey
Chief Financial Officer
(518) 356-6185
email: chussey@nyiso.com
January 13, 2014
BY ELECTRONIC DELIVERY
The Honorable Kimberly D. Bose, Secretary Federal Energy Regulatory Commission 888 First Street, NE
Washington, DC 20426
Termination of People’s Power & Gas, LLC from the ISO-Administered Markets
Dear Ms. Bose:
The New York Independent System Operator, Inc. (“NYISO”) hereby provides notice to the Commission of the immediate termination of People’s Power & Gas, LLC (“PPG”) from the ISO-Administered Markets in
accordance with Section 2.7.5.3 of the NYISO’s Open Access Transmission Tariff (“OATT”) and Section 7.5.3 of the Market Administration and Control Area Services Tariff (“Services Tariff”).1
The NYISO, by correspondence dated January 10, 2014, declared PPG in Default for breach of the billing and payment provisions of the NYISO’s tariffs and provided notice to PPG of its Default. PPG did not cure this
Default within the one business day cure period prescribed by the NYISO’s tariffs, and PPG remains in Default under the NYISO’s tariffs.
This action by the NYISO, insofar as it rests upon the OATT and the Services Tariff, is without prejudice to any of the NYISO’s other rights under applicable law, including its rights under the applicable provisions of the United States Bankruptcy Code. Moreover, nothing herein shall constitute a modification or amendment of, or election of remedies with respect to, any of the NYISO’s rights or remedies under the OATT, the Services
Tariff, or applicable law, all of which the NYISO hereby expressly reserves in their entirety.
Please contact me at (518) 356-7504 if you have any questions or require additional information.
Sincerely,
Digitally signed by Cheryl Hussey
