This Second Amended Determination follows the approval of additional funding and extended period of performance to support the project team's small…
Office of NEPA Policy and Compliance
December 12, 2024
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This Second Amended Determination follows the approval of additional funding and extended period of performance to support the project team's small-scale research and development activities of a New Risk Assessment and Management Paradigm (NewRAMP) system in the evolving electric power sector, which comprises cascaded/decreasing look-ahead timeframe markets that co-optimize energy and reserves provided/demanded by assets with stochastic and correlated capacities, currently being developed under the Performance-based Energy Resource Feedback, Optimization, and Risk Management (PERFORM) program.