Message-ID: <30568553.1075840005547.JavaMail.evans@thyme> Date: Thu, 21 Jun 2001 11:59:45 -0700 (PDT) From: bill.williams@enron.com To: kate.symes@enron.com Subject: FW: CAISO Notice: Correction of FERC June 19 Order Market Notice Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Williams III, Bill X-To: Symes, Kate X-cc: X-bcc: X-Folder: \ExMerge - Williams III, Bill\Sent Items X-Origin: WILLIAMS-W3 X-FileName: Here it is... -----Original Message----- From: "Almeida, Keoni" @ENRON [mailto:IMCEANOTES-+22Almeida+2C+20Keoni+22+20+3CKAlmeida+40caiso+2Ecom+3E+40ENRON@ENRON.com] Sent: Wednesday, June 20, 2001 4:37 PM To: Williams III, Bill; Foster, Chris H.; O'Neil, Murray P. Subject: FW: CAISO Notice: Correction of FERC June 19 Order Market Notice Importance: High Here is the latest which you should of gotten, but I wanted to let you know that you find the last Stage 1 at http://www.caiso.com/SystemStatus.html under System Status Log and History. I am trying to get a conference call set up with our Market Operations folks and Market Participants set up for Friday. Keoni Almeida California Independent System Operator phone: 916/608-7053 pager: 916/814-7352 alpha page: 9169812000.1151268@pagenet.net e-mail: > -----Original Message----- > From: Happ, Susan On Behalf Of Fuller, Don > Sent: Wednesday, June 20, 2001 4:12 PM > To: ISO Market Participants > Subject: CAISO Notice: Correction of FERC June 19 Order Market Notice > Importance: High > > Re-sending due to the addition of footnotes. This is a corrected version > > MARKET NOTICE > > For hour ending 0100 on June 21, 2001, the California ISO will implement > the following terms and provisions pursuant to the Federal Energy > Regulatory Commission ("FERC") June 19, 2001 Order concerning market > mitigation measures for California and the Western System Coordinating > Council. > > FOR HOURS IN WHICH ISO DECLARES A SYSTEM EMERGENCY: > > * The ISO Real-time Imbalance Energy 10-minute and Hourly Ex Post > prices shall be set in accordance with FERC's April 26 Order, as clarified > by FERC's June 19 Order. > * The Market Clearing Price ("MCP") for Ancillary Services shall not > exceed the Hourly Ex Post Price for the same hour in accordance with > FERC's May 25, 2001 Order, as described in the CAISO Emergency Notice-May > 25, 2001 FERC Order On Implementation of the Price Mitigation Plan in > April 26 Order. > * > * FOR HOURS IN WHICH ISO DOES NOT DECLARE A SYSTEM EMERGENCY: > * > * The ISO Real-time Imbalance Energy MCP shall be no greater than 85 > percent of the highest Hourly market clearing price established when the > last Stage 1 emergency was in effect. > * The ISO Ancillary Services MCP shall be no greater than 85 percent > of the maximum Hourly market clearing price established when the last > Stage 1 emergency was in effect. > * > * APPLICABLE TO ALL HOURS: > * > * The system-wide gas price utilized to calculate the Proxy Price > mandated by the April 26 Order, as clarified by the June 19, 2001 Order, > shall be based on the simple average of the Gas Daily mid-point monthly > bid-week SoCalGas large package, Malin, and PG&E Citygate prices. For > June 2001 this average is $9.10/mmBtu. > > * The ISO is required to add 10 percent to the MCP paid to generators > for all prospective sales in its markets to reflect credit uncertainty. > The prices posted on the ISO Web Site do not reflect the 10 percent > mark-up. > Footnotes: > 1 Capitalized terms not otherwise defined herein are used in the meaning > set forth in the Master Definitions Supplement, Appendix A to the ISO > Tariff. > 2 The ISO is implementing those provisions for which it can make the > requisite system changes immediately and will implement the remaining > provisions as soon as possible. > 3 The maximum MCP for non-emergency hours selling into CAISO markets > effective June 21, 2001 and until after the next Stage 1 emergency shall > be $91.87, based on the highest hourly MCP during the most recent Stage 1 > emergency of $108.08MWh. > > The ISO continues to assess the June 19, 2001 Order and the steps > necessary to implement the Order. We will be issuing subsequent Market > Notices as may be appropriate with respect to implementation of the June > 19, 2001 Order. > > > CAISO Market Operations > > >