Recent ISO Report

The ISO Market Surveillance Committee recently filed a report at FERC where it estimated the excess profits earned by in-state generators and importers as a direct result of individual exercise of market power. They came up with a number of approximately $500 million. They then quantified the impact that this had on the rest of the market and came up with a number of around $6 billion. They used codes to identify individual market participants. The media has now received the matching of code names to company names. The Oregonian picked up an LA Times - Washington Post Service article yesterday highlighting the excess profits earned by PowerEx, BPA, and LADWP. Enron Energy Services is rumored to be on this list. I have no idea why. I thought I'd give you guys a heads up in case media calls start coming in. Alan Comnes (503-464-8129) is probably the best source if you want more facts on this.