Message-ID: <7911192.1075843217940.JavaMail.evans@thyme> Date: Thu, 24 Aug 2000 03:39:00 -0700 (PDT) From: foothi19@idt.net To: billr@calpine.com, robert_anderson@apses.com, cabaker@duke-energy.com, jcgardin@newwestenergy.com, curtis_l_kebler@reliantenergy.com, dcazalet@apx.com, glwaas@calpx.com, gtbl@dynegy.com, jackp@calpine.com, ken_j_czarnecki@calpx.com, kewh@dynegy.com, barbara_klemstine@apses.com, rjhickok@duke-energy.com, rllamkin@seiworldwide.com, rsnichol@newwestenergy.com, berry@apx.com, rpelote@energy.twc.com, smara@enron.com, curt.hatton@gen.pge.com, jdasovic@enron.com, rhoward@reliantenergy.com, bjobson@smud.org, stephen_fisher@transalta.com Subject: What we discussed at Yesterday's Meeting at the ISO Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Gary Ackerman X-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 , Reggie Howard , Brian Jobson , Steve Fisher X-cc: X-bcc: X-Folder: \Jeff_Dasovich_Dec2000\Notes Folders\Wptf X-Origin: DASOVICH-J X-FileName: jdasovic.nsf Folks, I thought it would be a good idea to review what we discussed yesterday, on August 23 in Folsom at the ISO, so there is no public misunderstanding about our discussion, or our intent. Yesterday's meeting at the ISO, at which WPTF had many of its members who either have generation in the State, or import power into California, was for market participants and the ISO to discuss how to bring more order and price transparency to the ISO's out of market calls. WPTF had met on its own initiative several weeks before with members from the California PX, and APX to identify a suitable product that would satisfy the ISO's needs during or to avoid system emergencies. Also, we sought a matching service of parties willing to sell into a super-peak firm energy market with those who are willing to purchase. APX and CalPX responded to our earlier discussions with specific product proposals, and presented their proposals to the group at yesterday's meeting. The discussions which ensued during the course of that meeting focused on how the ISO might utilize a product/service to reduce the manpower requirements currently needed to satisfy its out of market telephone calls, typically on short notice, and the interest on the part of market participants to make bids into either the APX or CalPX's proposed system for a super-peak firm-energy product. There were no commitments made by any party, simply a willingness to work together to alleviate the problems associated with finding sufficient electric power during high demand periods with greater transparency, more participants, and greater market efficiency. There was no discussion of commodity prices, price fixing, or bid strategies. Gary B. Ackerman