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NEPOOL Participants Committee Meeting June 21, 2002

NEPOOL Participants Committee Meeting June 21, 2002. Contents. SMD 1.0 Update Preliminary Plan for SMD Enhancements Capital Funding Tariff Synchronization (separate handout). 3/1/03. 2/1/03. 4/1/03. 1/1/03. 5/1/03. 12/1/02. 6/1/03. 7/1/03. 11/1/02. Projected SMD “Go-Live” Date.

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NEPOOL Participants Committee Meeting June 21, 2002

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  1. NEPOOL Participants Committee MeetingJune 21, 2002

  2. Contents • SMD 1.0 Update • Preliminary Plan for SMD Enhancements • Capital Funding Tariff Synchronization (separate handout)

  3. 3/1/03 2/1/03 4/1/03 1/1/03 5/1/03 12/1/02 6/1/03 7/1/03 11/1/02 Projected SMD “Go-Live” Date Externally Communicated Forecast Currently (Internally) Projected Finish Date (excludes impact of Summer 2001 market improvements) FERC Commitment Date The 12/1/02 goal remains feasible! The near term goal is to commence external market trials on September 12, 2002.

  4. SMD Dashboard * Status is with respect to 12/1/02 “stretch” goal.

  5. Patton/Summer 2001 Impact on SMD Patton/Summer 2001 Market Reforms led to additional expense and affected timing for SMD: • Expense (as of May 2002) • Work directly expensed to the Market Reforms Project $100,074 • Expense to SMD of back filling for diverted resources $466,668 $566,742 • Time • Effect on schedule and internal readiness due to diverting resources is under review and depends on our ability to regain schedule slippage through mitigation measures.

  6. 2/1 3/1 4/1 5/1 6/1 Summer 2001 Initiatives Affected Critical Path Work for SMD SMD Critical Path Activity FSIT Development Summer 2001 Initiatives Activity SMD Delay Development 4 weeks Testing 2.5 weeks Maximum potential impact is 6.5 weeks. Actual impact may be less due to mitigation measures.

  7. Recent Achievements: • Opened eMarket Sandbox and SMD Registration to participants. eFTR and Settlements Management Systems will be opened on July 17. • Delivered Settlements Iteration 2 to product test except for ICAP and operating reserve functionality. • Completed 95% of EMP Upgrade with no outstanding issues. • Released MIS templates not affected by Market Rule 1x changes. • Delivered Market Mitigation Rule 17 Market Monitoring and Mitigation Rules Technical Session on April 30.

  8. Recent Achievements: • Held “page turning” sessions for Market Rule 1x Appendix A “Market Monitoring and Mitigation Rules” and Appendix B “Penalties and Sanctions.” • Sent Market Rule-1X including revised Appendices A and B to Markets Committee. • Received and integrated ESCA delivery that included • Testing & Training Simulator Environment (TTSE) & Market System Integration • Limited Energy Generators (LEGs) (including Day Ahead Market) basic functionality • Locational Marginal Price (LMP) Calculator • Dispatch Management Tool (DMT)/Unit Dispatch System (UDS) Market Operator Interface (MOI) customizations • Software Problem Request fixes

  9. Recent Achievements: • Linked Operations and Settlements network models for integration testing. • Completed Load Response requirements. • Completed review of MR 1X Package with Participants (5/14, 5/21, 6/5 and 6/6). • Conducted NEPOOL technical session (2nd) for Manual 28 Accounting/Settlements on 5/17/02. • Submitted Manual 11 Scheduling Ops for market participant review. • Received approval of OP 8 Operating Reserve and Automatic Generation Control from Markets Committee.

  10. Recent Achievements: • Completed Contingency UDS requirements and sent them to ESCA. • Prepared Real Time/EMP/UDS Integration Testing environment. The UDS is now solving "end-to-end" with good results.

  11. Post Production SMD Work Complete Program Planned vs. Actual % Work Complete Comments Baseline 4/15 Progress: 70% Actual Progress: 65% • Critical path work is on schedule. • Testing and organizational readiness are slightly behind schedule, due to Patton/Summer 2001 reforms. A combination of mandatory overtime and additional resource assignment (as appropriate) are the primary mitigation actions targeted to close the schedule gap.

  12. SMD Budget Status Post Production Comments • Cumulative spending through April 2002 is 4.1% under budget due to timing of expenses (hardware purchases and software licenses).

  13. SMD Risk Summary Risk Severity Risk Area Risk Description Market Rules Green General Risks - Market Rules issues potentially put the entire project at risk. The Maximum Exposure and Expected Values are non-quantifiable. Current Issues - The standard PJM market rules and ESCA SPD software do not address a number of the Patton reforms to the current markets. These will be addressed in subsequent releases to the initial SMD implementation. Hardware Green General Risks - Additional PCs/servers, network components, miscellaneous hardware, disk storage and development hardware may be required. Current Issues - None. Software Green General Risks - Additional development tools, additional security requirements, Oracle web licenses and additional communication costs may be required. Current Issues - None. Labor Green General Risks - Staff augmentation may be necessary. Cost differentials may arise due to use of vendor labor. Potential for scope expansion. Possibility of estimation errors. Current Issues - Patton Report/Summer 2001 market reforms diverted critical SMD resources. Impact is being examined. Cross Sound Cable Project will have minimal impact on SMD resources. Forward ICAP for current market and regional activation of Class 1 Load Response will impact SMD project timeline.

  14. SMD Enhancements - Preliminary Summary of Features • SMD does not have all the features that ISO-NE and Stakeholders would like • ISO-NE is going to put in place a process to implement market updates in new versions of SMD • Development cycle for a new version should be about 6 - 9 months • Preliminary plan is a Spring and Fall release each year

  15. SMD Enhancements - Preliminary Summary of Features SMD Version 1.1 • PJM Spinning Reserve Market • Day-Ahead Demand Response Program • Quick Start Auction (If design can be finalized) SMD Version 1.2 • External transactions setting price in certain conditions • Dispatchable loads in Real-Time Clearing

  16. SMD V. 1.1 Timeline (Draft) 2002/2003 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Requirements& Market Rules Defined Design Specification Defined Development Testing SMD V. 1.1 (Go live May to June 2003) Go Live • Spinning Reserve • Day Ahead Demand Response Program • Quick Start (if design can be completed) • Other enhancements?

  17. SMD V. 1.2 Timeline (Draft) 2003 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Requirements& Market Rules Defined Design Specification Defined Development Testing SMD V. 1.2 (Go live Oct to Dec 2003) Go Live • External Transactions Setting price under certain conditions • Dispatchable Load in Real Time Clearing • Other enhancements ?

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