ferc prospective mitigation monitoring plan ca wholesale electric markets following report comprised discussed commission meeting held tonight approximately 7 pm est additional intelligence gathered ferc staffers meeting joe hartsoe physical withholding prevent physical withholding plan require sellers pga offer available power real time california generators even subject ferc price regulation required sell iso real time market condition use iso interstate transmission lines hydroelectric facilities exempted 24 7 lyr price mitigation plan establish single market clearing price auction real time market stage 1 2 3 emergencies iso real time market generator hydro participating generator agreement required offer available power bid marginal cost based generator heat curve emission rates gas costs emission costs plus 2 emissions based cammon fitzgerald gas cost emissions published day use following day single market clearing price determined real time generators highest bid sets clearing price gas fired generator must file ferc iso confidential basis heat emission rates generating unit iso use rates calculate marginal cost generator including maintenance operating costs event generator submits bid higher proxy price generator must within 7 days end month file report ferc iso justifying price ferc 60 days review act opportunity costs real time marketers boat must prepared justify bid purchased cost based specific purchases portfolio opportunity cost however credit sleeves permissible demand response beginning june 1 public utility load serving entities must submit demand side bids curtail load identify load curtailed bids ferc attempting break demand curve 24 7 outages pga generators coordinate planned outages report forced outages accordance commission staff proposal adopted ferc term order expires one year date issuance rto filing california iso two utilities must make rto filing june 1 order lapses effect iso reporting september 14 2001 iso must file status report things working much generation built comments due 15 days quarterly reports thereafter revocation market based rate authority refunds market based rate authority public utilities conditioned 1 physical withhold capacity 2 inappropriate bidding behavior inappropriate bidding behavior includes bidding unrelated known characteristics generation unit without input cost basis bidding based unit behavior increased bid based increased demand could apparently inappropriate addition hockey stick bids expressly prohibited e bidding 95 marginal cost 5 much higher level limited 206 filing applies sales wscc outside california refund conditions apply real time spot markets contingency within control area falls 7 control areas required publish condition occurs apparently anything marginal cost must justified marketers non hydroelectric generators must offer sell contractually physically available capacity energy location within wscc ferc attempting mirror rules applied california comments due 10 days 206 investigations refund effective date 60 days publication order nox limits california must sell requirements apply unit prohibited running law however appears incurring fines overcome must sell requirement include fines part price bid also nox limited may seek show generation would sold elsewhere different times determining price surcharge pay past amount due comments due 30 days 1 whether ferc require iso surcharge parties payment escrow account pay past costs 2 effect surcharge would pg e bankruptcy filing mention made meeting issue exports power california order finally drafted yet status foregoing items could change upon issuance final order keep posted ra