AICPA SOC Service Organizations - Certrec

LeapFrog Power, Inc. Receives a Cumulative Penalty of $120,000 for Violation of Section 37.3.1.1 of CAISO’s Tariff

Summary of NERC Penalties

REGION

WHEN?

ENTITY

COMPLIANCE AREA

VIOLATION

REASON

PENALTY AMOUNT

FERC

Quarter 2 - April 2023

Leapfrog Power, Inc.

CAISO’s Tariff

Section 37.3.1.1 of CAISO’s Tariff

Leap’s bids exceeded the registered metered load of all its customers

$120k

FERC enforcement determined that Leap violated Section 37.3.1.1 of CAISO’s Tariff. Section 37.3.1.1 of CAISO’s Tariff requires that: Market Participants…submit Bids for Energy…from resources that are reasonably expected to be available and capable of performing at the levels specified in the Bid, and to remain available and capable of so performing based on all information that is known to the Market Participant or should have been known to the Market Participant at the time of the submission. Between February and August 2019, a substantial majority of the bids Leap made were bids that it could not reasonably expect to fulfill in violation of this section of the Tariff because Leap’s bids exceeded the registered metered load of all its customers.

About Certrec:
Certrec is a leading provider of regulatory compliance solutions for the energy industry with the mission of helping ensure a stable, reliable, bulk electric supply. Since 1988, Certrec’s SaaS applications and consulting expertise have helped hundreds of power-generating facilities manage their regulatory compliance and reduce their risks.

Certrec’s engineers and business teams bring a cumulative 1,500 years of working experience in regulatory areas of compliance, engineering, and operations, including nuclear, fossil, solar, wind facilities, and other Registered Entities generation and transmission.

Certrec has helped more than 120 generating facilities establish and maintain NERC Compliance Programs. We manage the entire NERC compliance program for 60+ registered entities in the US and Canada that trust us to decrease their regulatory and reputational risk. Certrec is ISO/IEC 27001:2013 certified and has successfully completed annual SOC 2 Type 2 examinations.

For press and media inquiries, please contact marketing@certrec.com.

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