fw rto week summary day one panel fyi tj please forward kevin group thanks original message novosel sarah sent monday october 15 2001 10 29 pm presto kevin davis mark dana may tom lloyd lindberg susan gupta gautam misra narsimha scheuer janelle baughman edward herndon rogers cc nicolay christi l subject rto week summary day one panel today first day ferc rto week washington c topic today panel rto markets design required markets optional markets issues panels quickly merged two panels discussed issues panel one mandatory rto markets morning panel consisted following participants peter cramton university maryland david hadley indiana psc mark kleinginna ormet john meyer reliant john neal mirant roy shanker consultant generators northeast energy spot market unanimous agreement among panelists rto must run real time energy spot market panelists agreed spot market bid based security constrained system economic dispatch response question pat wood also agreed nodal lmp pricing used spot market although john meyer reliant stated zonal pricing used ercot works also day ahead market balanced versus unbalanced schedules panelists said rto require balanced schedules peter cramton said day ahead market need balanced schedules real time market prices discipline behavior john meyer agrees saying balanced schedules requirement might need day ahead market john notes ercot balanced schedule requirement john also said imbalance penalties could appropriate imbalances hurt system roy shanker also said ferc needs either balanced schedules requirement recommend day ahead market icap requirement panelists except peter cramton university md support icap requirement however none panelists could point effective icap market roy shanker says idea would work probably see comments icap proceeding due later week mark ormet kept bringing message back need know rules know rules change substantially time mark said liquidity pjm help move power midwest since rules undefined outside pjm enter long term contracts know rules one years also said icap market market participants able meet icap requirements load response standardized markets panelists agreed mandatory markets real time day ahead energy markets spinning non spinning reserves regulation also required standardized massey asked costs standardize outweighed benefits roy shanker said northeast works ferc change even ferc require standardization rtos creating large rtos fixing problems within rtos big improvement mark ormet indiana commissioner urged ferc standardize mandatory markets among rtos panel two optional rto markets afternoon panel consisted following participants fiona woolfe lawyer experience england wales pool roy thilly wisconsin public power inc richard pierce professor george washington glen arthur connecticut psc steve naumann commonwealth edison ed cazalet apx panel intended cover optional market issues including whether day ahead market needed whether icap markets panel addressed issues well need real time market market monitoring issues mandatory markets ed cazalet apx panelists part agree rto run real time day ahead energy market ancillary services markets must icap requirement ed cazalet believes needs small balancing market perhaps balanced schedules requirements leave creation markets independent entities create icap panelists believe rto provide day ahead market congestion management ancillary services also favor icap requirement market pat wood said convinced blanket icap requirement needed day one considering icap requirement apply triggers reached perhaps considered well also talking northeast regulator different requirements states depending whether retail access shelton cannon staff asked panelists assume one midwest rto different icap requirements within rto panelists agree icap rules within rto could percentage requirement deviations day two rto week focuses congestion management morning transmission planning expansion afternoon get summaries panels tomorrow please call questions comments sarah