What are Capacity Transfer Rights (CTRs)?
CTRs are financial rights given to entitlement holders of specific generating units that have been grandfathered in the FCM and to Load Serving Entities within Import Constrained Capacity Zones. In the case of the specific generating units it is a right of the owner of that asset to be paid the clearing price of the capacity zone where the asset is located if their load is in an import-constrained zone. CTRs are only settled in the FCM and cannot be traded. Load that wants to self-supply using one of these grandfathered generating assets may use its CTR to be held financially neutral.
