Message-ID: <3126485.1075856484513.JavaMail.evans@thyme> Date: Fri, 8 Sep 2000 01:32:00 -0700 (PDT) From: vince.kaminski@enron.com To: vkaminski@aol.com Subject: FW: Press Release - Testimony of PJM President to the Pennsylvani a PUC Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Vince J Kaminski X-To: vkaminski@aol.com X-cc: X-bcc: X-Folder: \Vincent_Kaminski_Jun2001_3\Notes Folders\Sent X-Origin: Kaminski-V X-FileName: vkamins.nsf ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000 08:38 AM --------------------------- taylorci@pjm.com on 08/31/2000 03:29:14 PM Please respond to taylorci@pjm.com To: pjm-customer-info@risc1.pjm.com cc: (bcc: Vince J Kaminski/HOU/ECT) Subject: FW: Press Release - Testimony of PJM President to the Pennsylvani a PUC Message sent from the pjm-customer-info mailing list at pjm-customer-info@majordomo.pjm.com: > The following press release was issued today: > > PJM EXECUTIVE DESCRIBES SUCCESS > OF POWER GRID IN MID-ATLANTIC REGION > > (HARRISBURG, Pa. Aug. 31, 2000) - Phillip Harris, Chairman and CEO of PJM > Interconnection, LLC, North America's largest centrally-dispatched electrical > system, testified before the Pennsylvania Public Utility Commission this week > on the reliability and affordability of electricity in the state. > > PJM, which became the first fully operational Independent System Operator in > the U.S. on January 1, 1998 is responsible for the reliability of the bulk > power transmission system and to facilitate an open, competitive wholesale > electric market. > > PJM is responsible for coordinating the transmission of more than 58,000 > Megawatts of electricity over 8,000 miles of power lines it uses to get power > from 540 generating stations to more than 24 million customers. > > The Interconnection serves 8 percent of the country's population, which is > spread throughout the Pennsylvania, New Jersey, Maryland, Delaware and > northern Virginia region. PJM is the third largest entity of its kind in the > world, behind Tokyo Electric and France's grid-the whole country. > > PJM's duties also entail administration of the energy market, which now takes > place over the Internet. The commodities-like exchange is facilitated by PJM's > custom-built eBusiness tools. Technological and process innovation have > enabled PJM to manage more than $4 billion in the energy market in the past > three years, achieve a 96 percent customer approval rating and has secured the > reliability of grid through peak demand days. > > In his testimony, Harris outlined the underlying principles of why PJM has > been successful in the new energy marketplace: > > > -more- > 2/3 > > Transition Process > > Moving from a government regulated entity to a deregulated market model is a > complicated process. PJM took an incremental and methodical approach to > deregulation by taking measured steps and evaluating the results of the > transition after each step to ensure reliability of the existing services. > What is now a five-market system, began with a single market and was phased in > over two years. > > Governance Model > > To ensure fairness in the market, PJM chartered a two-tier governance model > that includes a fully independent board that is supported by advice from a > Members Committee. > The model provides a forum for member debate and a process to develop > collaborative solutions. PJM's more than 200 members as well as stakeholders > can have a voice and confidence that change to business rules will occur > fairly, collaboratively, and efficiently. > > Power Exchange Function > The success of the PJM Power Pool and the continued combination of the > reliability and market functions within the new PJM ISO were the most > efficient and cost effective transition to the future. > > The connection of both functions within one organization, that is financially > independent of both transmission and generation facilities, system > modifications and market innovations required to assure reliability can move > forward quickly and efficiently, without artificial barriers to > implementation. > > Long-Term Reliability > > The reliability of the grid and the market is dependent upon the free flow of > information to PJM members and stakeholders. > Using tools like the eData application, PJM members can view Real Time Energy > Market prices on public Internet pages every five minutes for approximately > 2,000 hubs, zones, and significant locations throughout the PJM region. The > information-rich environment has initially drawn the interest of 30,000 > additional Megawatts of capacity to join the PJM region, which translates into > greater reliability. > > -more- > 3/3 > > Transmission Expansion Process > > PJM is increasing the services it provides to the growing economy and the > population. Competition, growth and reliability of the market and grid is > further aided by a well-planned, FERC-approved expansion process that > anticipates an additional 15,000 Megawatts added to the PJM region over the > next five years. > An additional 20,000 Megawatts are planned to be added in the future, ensuring > an abundant pool of power to meet increasing demand. > > Collaborative Process > > The innovative two-tier governance for PJM and management of the grid and > market includes all stakeholders, regulators and traders and provides a forum > other groups to be part collective collaborative membership process. > > Needs of the Customer > > PJM is attentive to making the system responsive to the changing needs of the > customer. New internet-based tools and five different markets provide PJM > members with flexibility to create a portfolio of transactions to best suit > their dynamic needs. > > The eSuite of tools (eFTR, eDocuments, eSchedules, eCapacity, eData) and PJM > Open Access Same-Time Information System (OASIS) empower members and > stakeholders with the information they need to make informed decisions about > their power needs and policies. > > These tools provide the public with valuable information such as market > pricing, daily load, transmission system information and much more. The > openness of the information exchange ensures fair conduct of the market. > > Continuous Improvement > > Innovation is the key to successfully managing the diverse interests of PJM's > rapidly increasing membership. Additional Internet tools are in development to > support its evolving role as an Independent System Operator. > > More information on PJM and the energy market can be found at PJM's website: > www.pjm.com > > > ### > > > > Sincerely, > > Cynthia Taylor > Manager, Customer Relations and Training > PJM Interconnection, L.L.C. > Please DO NOT REPLY to this message. If you have a question for PJM Customer Relations and Training, please send an e-mail to custsvc@pjm.com. To unsubscribe from this list, send an e-mail to majordomo@majordomo.pjm.com containing only the following line in the body of the e-mail: unsubscribe pjm-customer-info