Message-ID: <11896757.1075857845927.JavaMail.evans@thyme> Date: Wed, 8 Nov 2000 03:54:00 -0800 (PST) From: sle@tca-us.com To: dstaine@ect.enron.com, hfromer@enron.com, scott.a.monson@enron.com, cdecker@enron.com, chris.dorland@enron.com, dbenevid@enron.com, gautam.gupta@enron.com, ghopley@enron.com, george.wood@enron.com, jeffery.ader@enron.com, janelle.scheuer@enron.com, joe.gordon@enron.com, joe.quenet@enron.com, john.llodra@enron.com, jzurita@enron.com, kcoulte@enron.com, larry.f.campbell@enron.com, mark.dana.davis@enron.com, paul.j.broderick@enron.com, paul.d.thomas@enron.com, richard.ring@enron.com, robert.stalford@enron.com, ssharma@enron.com, tom.dutta@enron.com, tom.may@enron.com, zal.masani@enron.com Subject: Today's FERC order on NYISO dockets Cc: christi.l.nicolay@enron.com, daniel.allegretti@enron.com, tabors@tca-us.com, nrao@tca-us.com, jcardell@tca-us.com, mbmiller@tca-us.com, rfagan@tca-us.com, azobian@tca-us.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit Bcc: christi.l.nicolay@enron.com, daniel.allegretti@enron.com, tabors@tca-us.com, nrao@tca-us.com, jcardell@tca-us.com, mbmiller@tca-us.com, rfagan@tca-us.com, azobian@tca-us.com X-From: "Englander, Scott" X-To: "Daniel Staines (E-mail)" , "Howard Fromer (E-mail)" , "Scott Monson (E-mail)" , "Charles Decker (E-mail)" , "Chris Dorland (E-mail)" , "Dennis Benevides (E-mail)" , "Gautam Gupta (E-mail)" , "George Hopley (E-mail)" , "George Wood (E-mail)" , "H. Jeffrey Ader (E-mail)" , "Janelle Scheuer (E-mail)" , "Joe Gordon (E-mail)" , "Joe Quenet (E-mail)" , "John Llodra (E-mail)" , "John Zurita (E-mail)" , "Kayne Coulter (E-mail)" , "Larry F. Campbell (E-mail)" , "Mark Dana Davis (E-mail)" , "Paul Broderick (E-mail)" , "Paul Thomas (E-mail)" , "Richard Ring (E-mail)" , "Robert Stalford (E-mail)" , "Suneet Sharma (E-mail)" , "Tom Dutta (E-mail)" , "Tom May (E-mail)" , "Zal Masani (E-mail)" X-cc: "Christi Nicolay (E-mail)" , "Daniel Allegretti (E-mail)" , "Tabors, Richard" , "Rao, Narasimha" , "Cardell, Judith" , "Miller, Meredith" , "Fagan, Bob" , "Zobian, Assef" X-bcc: X-Folder: \Larry_Campbell_Dec2000\Notes Folders\All documents X-Origin: Campbell-L X-FileName: lcampbel.nsf All, ? Today, the FERC issued an order rejecting NYISO's request to lift the $2.52/MW bid cap on its non-synchronized reserve market and ordered that a technical conference be convened to find solutions to the problems in the non-synchronized reserve market and also the energy market and its design flaws (as requested by EPMI).? The Commission rejected NYISO's request because of its failure to implement changes in the non-synchronized reserve market ordered by the Commission and because the changes that were made do not significantly reduce concentration of that market east of the central east constraint, but said that it would lift the caps once the market could be demonstrated to be workably competitive. ? Commissioner Hebert disented, in favor of lifting the bid caps as well as the $1000 cap on the energy market.? He continues to support modifications to NYISO's markets that would allow other suppliers to participate.? Hebert feels that a technical conference would be ineffectual. ? Commissioners Breathitt and Massey supported the order.? Chairman Hoecker expressed a long list of apprehensions about the markets and the process in New York, likening his concerns to those expressed recently by the Commission regarding California.? He?cited the staff report on its investigation of the northeast bulk power markets, finding problems with the balkanization of the markets and supporting the formation of a single Northeast regional operation. ? The staff report can be found at: ? http://cips.ferc.fed.us/Q\CIPS\WP\MISC\MS/MS110700.00d.wpd ? Scott