FERC Meeting on Northeast RTO

----- Forwarded by Sarah Novosel/Corp/Enron on 07/11/2001 04:54 PM -----

=09Sarah Novosel 07/11/2001 04:24 PM =09 To: Kevin M Presto/Enron@EnronXG=
ate, Mark Dana Davis/HOU/ECT@ECT, Jeff Ader/HOU/EES@EES, Edward D Baughman/=
Enron@EnronXGate, Joe Gordon/Enron@EnronXGate, Janelle Scheuer/Enron@EnronX=
Gate, mbrown9@enron.com, Mark Bernstein/HOU/EES@EES, John Llodra/Enron@Enro=
nXGate, George Wood/Enron@EnronXGate, Paul J Broderick/Enron@EnronXGate, Ja=
son Thompkins/Enron@EnronXGate, Mason Hamlin/Enron@EnronXGate, Robert Stalf=
ord/Enron@EnronXGate, Tom May/Enron@EnronXGate, Gautam Gupta/Enron@EnronXGa=
te, Narsimha Misra/Enron@EnronXGate, Steve Montovano/NA/Enron@Enron, Garret=
t Tripp/Enron@EnronXGate, Berney C Aucoin/Enron@EnronXGate, Jason Thompkins=
/Enron@EnronXGate, Rob Wheeler/Enron@EnronXGate, Rogers Herndon/Enron@Enron=
XGate, Jim Meyn/Enron@EnronXGate, Aleck Dadson/Enron@EnronXGate, Daniel All=
egretti/Enron@EnronXGate, Pearce W Hammond/HOU/EES@EES, Donna Fulton/Corp/E=
nron@ENRON, Howard Fromer/NA/Enron@Enron, Kathleen Sullivan/NA/Enron@ENRON,=
Tom Hoatson/NA/Enron@Enron, Thane Twiggs/Enron@EnronXGate, Sarah Novosel/C=
orp/Enron@ENRON, Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@En=
ron, Linda Robertson/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Steven=
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nXGate, sscott3@enron.com, Aleck Dadson/Enron@EnronXGate, Lloyd Will/Enron@=
EnronXGate cc: Subject: FERC Meeting on Northeast RTO=09

FERC held its meeting today. Big things happened.

Northeast

FERC approves PJM conditionally as the RTO "platform" to be used to form on=
e RTO in the northeast. FERC rejects the New York and New England RTO prop=
osals and directs the three ISOs and all interested parties to participate =
in a mediation led by a FERC Settlement Judge with assistance from outside =
consultants. The purpose of the mediation proceeding is to facilitate the =
formation of a single RTO in the Northeast. The mediation must begin withi=
n one week from today and must conclude 45 days thereafter. The Judge must=
then submit a report to the Commission 10 days thereafter, which will incl=
ude an outline of the proposal to create a single northeast RTO, milestones=
for the completion of intermediate steps, and a deadline for submitting a =
joint proposal.

While the Commission has not formally extended the RTO implementation date =
(currently December 15, 2001), Chairman Hebert made comments a couple of we=
eks ago and again today that perhaps the December 15, 2001 may have to slip=
some. We will continue to monitor this issue.

Donna Fulton is sending separately a write up of similar action the Commiss=
ion took with regard to the Southeast RTO effort. =20

Please call me if you have any questions or comments.

Sarah