Message-ID: <14457348.1075863603979.JavaMail.evans@thyme> Date: Tue, 29 Aug 2000 06:28:00 -0700 (PDT) From: mary.hain@enron.com To: chris.foster@enron.com, john.forney@enron.com, jeff.richter@enron.com, robert.badeer@enron.com, mike.swerzbin@enron.com Subject: ISO To Participate in Super Peak Market Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mary Hain X-To: Chris H Foster, John M Forney, Jeff Richter, Robert Badeer, Greg Wolfe@ECT, Mike Swerzbin X-cc: X-bcc: X-Folder: \Robert_Badeer_Aug2000\Notes Folders\Notes inbox X-Origin: Badeer-R X-FileName: rbadeer.nsf FYI ---------------------- Forwarded by Mary Hain/HOU/ECT on 08/29/2000 01:33 PM --------------------------- Jeff Dasovich@EES 08/29/2000 08:33 AM To: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Tim Belden/HOU/ECT@ECT, James D Steffes/HOU/EES@EES, Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, David Parquet/SF/ECT@ECT, Roger Yang/SFO/EES@EES cc: Subject: ISO To Participate in Super Peak Market ---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/29/2000 10:32 AM --------------------------- Gary Ackerman on 08/26/2000 04:21:58 PM Please respond to foothi19@idt.net To: Bill Ross , Bob Anderson , Carolyn Baker , Corby Gardin , Curtis Kebler , Denice Cazalet , Gene Waas , Greg Blue , Jack Pigott , Ken Czarnecki , Kent Wheatland , "Klemstine, Barbara A(F56661)" , Randy Hickok , Rob Lamkin , Rob Nichol , robert berry , Roger Pelote , Sue Mara , curt hatton , Jeff Dasovich , Dan Douglass , Al Parsons , Bob Reilley , Brian Jobson , Dave Nuttall , Edmond Chang , Ken Lackey , Linda Hamilton , Mark Tallman , "Richard H. Counihan" , Sheryl Lambertson , Steve Fisher , Steve Ponder , Tom Breckon , "Wolfe, Don - PGSO-5" , Chuck Goligoski , Elaine Walsh , Duane Nelsen , Reggie Howard , Tim Belden , Dave Francis cc: Subject: ISO To Participate in Super Peak Market Folks, Late Friday afternoon Ziad called me. The ISO Governing Board earlier the same day turned down the ISO management's request to force SCs to place 95% of their scheduled load in the DA market. That leaves the ISO little choice but to venture into the energy markets to procure power to cover their peak hours on hot days. Terry gave Ziad the OK to proceed with placing both the APX and California PX screens for this new product/matching-service. I am working with the two vendors and the ISO to make this happen quickly. We anticipate that the market will open on Tuesday, September 5, or earlier. Key people who you may need to contact: ISO - Ziad Alaywan 916-351-2140 (Nancy Traweek and Jim McIntosh are also in the loop) PX - Ken Czarnecki 626-537-3123 PX - John Yurkanin 626-537-3124 APX - Denice Cazalet 408-517-2123 APX - Michael Heinrich 408-517-2159 Please feel free to contact me with your questions. Several of you have not had the opportunity to attend the pre-design meetings we had at the California PX and APX a few weeks ago, nor were you aware of the joint WPTF/ISO meeting held last week. But in essence, what this product/matching-service will allow you to do is post bids to sell, or buy a 6-hour block of capacity at a firm energy price across the hours of HE13 to HE18. You can bid at COB, Mead, PV, SP15 or NP15. You can utilize either the CalPX or APX to post your bids, because the ISO will be watching both screens. The block sizes are (supposed to be) 25MW. The seller is responsible for arranging transmission to the delivery point, and the buyer (e.g., ISO) is responsible for arranging transmission service from the delivery point. The ISO will make its purchase decisions for the day-of at or before 8:00 a.m. The ISO will send out a general notice when it needs offers to sell on the super-peak market. I expect that bids for either buy or sell will be able to be posted at any time, 24 hours. The screens should allow parties to post buy or sell bids at least 60 days forward of the trade day. You are not limited to a price cap in these markets, but the ISO as a buyer has the right to not purchase at prices above it's price cap. I think WPTF members should be very proud that we were able to quickly work together, and with the ISO to create this market. I have no doubt the ISO will be offering bids to purchase starting Sept 5, and going forward 60 days. However, who among you will be willing and able to post bids to sell? gba