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ERCOT PROGRESS REPORT

ERCOT PROGRESS REPORT. Board of Directors Austin, Texas February 18, 2003. ERCOT Updates. Management focus Strategic issues (McKinsey & Company Power and Market Systems (Sam Jones) Market Operations (Ray Giuliani) IT Systems (Ken Shoquist). SB7 Requirements.

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ERCOT PROGRESS REPORT

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  1. ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003

  2. ERCOT Updates • Management focus • Strategic issues (McKinsey & Company • Power and Market Systems (Sam Jones) • Market Operations (Ray Giuliani) • IT Systems (Ken Shoquist)

  3. SB7 Requirements • Ensure open access to transmission and distribution systems • Ensure reliability -- “Keep the lights on” • Ensure timely conveyance of information needed to support customer choice • Ensure accurate accountability for electricity production and delivery

  4. Management Focus • Transmission planning • Reliability of market and operating systems • Retail mechanics • Settlements and billing • Risk management

  5. Recent Activities • Risk management workshop (McKinsey & Co.) • Formation of ISO/RTO Council (NAESB/NERC) • Oversight rulemaking (PUC) • Market design (PUC) • Legislative overview (Rep. King)

  6. Conclusions • Rapid buildup of ERCOT technical skills and knowledge base is continuing • Opportunities to increase cooperation among market participants are being pursued • Improved relationships with Legislature and PUC are developing

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