text_combined: iso new england pjm propose standard market design message sent pjm customer info mailing list pjm customer info majordomo pjm com iso new england pjm interconnection propose standard market design wholesale electricity markets march 29 2001 holyoke two country leading wholesale electricity market administrators iso new england inc pjm interconnection l l c together alstom esca corporation systems developer electric utilities today announce intent formalize agreement standardize electricity markets lead believe standardization wholesale electricity markets across country today iso new england delivered letter chairman commissioners federal energy regulatory commission ferc enclosing report concerning proposed comprehensive wholesale market program combines salient features pjm market model elements existing wholesale market design combination would create standardized wholesale market structure called standard market design wholesale electricity markets standard market design iso new england alstom esca pjm acting wholly owned subsidiary pjm technologies inc agreed proceed negotiation agreement iso new england purchase existing pjm market design certain software components alstom esca pjm two isos alstom esca work together create standardized market design includes solutions reserve markets common solution unit dispatch new market standard put place necessary market improvements quickly reduced cost implement customized market system new england said william w berry chairman acting ceo iso new england time stop experimentation ultimately hope standard market design serve benchmark wholesale electricity marketplaces across country around world pjm excited standardize design competitive wholesale electricity market said phillip g harris chairman ceo pjm along progress implementation pjm west concept initiative provide even broader standardized market design approach expedite elimination trading barriers across different markets promote ferc goal creating seamless marketplace intend continue work new york iso issues mutual importance stated mr berry new market design together efforts address market seams coordination issues eventually bring three northeast iso markets closer together iso new england new york iso continue work together issues joint board resolution passed january 16 2001 geographic location new york center northeast markets iso new england pjm imo one borders support continued elimination barriers across northeast trading markets develop seamless marketplace everyone benefit said william j museler president ceo new york independent system operator new york iso continue work neighboring markets remove barriers trading across region move towards larger regional markets proposed market design standard developed jointly stakeholder input iso new england propose standard market design new england conference public utility commissioners new england power pool series meetings next week additional meetings conducted next weeks standard market design new england subject ferc approval standardization requires consistent reliable technology facilitate market efficiency market moderates price fluctuations encourages investment based expected return efficient market efficiency key establishing market liquidity said alain steven ceo alstom esca future agreement viewed catalyst establishing robust electricity markets iso new england inc profit corporation responsible day day reliable operation new england bulk generation transmission systems installed capacity almost 26 000 megawatts addition operating bulk power grid iso new england administrator region wholesale electricity marketplace open access transmission tariff behalf new england power pool iso new england based holyoke massachusetts pjm interconnection l l c independent system operator administering pjm open access transmission tariff operating pjm energy markets capacity markets pjm currently administers largest wholesale electricity market world membership 200 headquartered norristown pennsylvania pjm technologies inc wholly owned subsidiary pjm interconnection l l c designed respond market opportunities bringing cost effective reliable solutions energy marketplace created commercialize pjm knowledge capital experience proven success electric energy markets system operations applications development information new york iso please call steve sullivan director communications 518 356 7605 please reply message question pjm customer relations training please complete submit form unsubscribe list send e mail majordomo majordomo pjm com containing following line body e mail unsubscribe pjm customer info