Market Operations Standing Committee January 22, 2003

Market Operations Standing Committee

January 22, 2003

MOSC Updates• December Meeting Minutes

– Draft Minutes Posted January 10, 2003

– Comment Period closed January 17, 2003• No Comments Received

– Minutes to be Posted as Final

– No Outstanding Action Items

• Baseline 9.0 Documents – Posted January 17, 2003

– Comments to [email protected] by January 31, 2003

MOSC Update• Guideline for Failed Transactions

– Revised based on December Consultation• Posted for comment on January 20, 2003

http://www.theimo.com/imoweb/pubs/macd/macd_Guide_FIT_20030120.pdf

– Changes include• Exemptions for demonstrating a good track record

• Volatility test will utilize On peak / Off peak pricing

• Intention test - changed measurement hour to close of unrestricted hour not energy delivery hour

– Comments to [email protected] by COB January 31, 2003

MOSC Update

• Reliability Must Run Contract– MOSC Consultation Completed – Final Reliability Must Run Contract

Template Posted

http://www.theimo.com/imoweb/pubs/systemOps/so_RMRContract.doc

MOSC Update• Regulatory Affairs Standing Committee

– Published filings to FERC on SMD by IMO, CEA and ISO’s / RTO’s

http://www.theimo.com/imoweb/corp/regulatory.asp

Under heading of FERC Filings

• Next Meeting February 5, 2003 – Agenda to be Posted January 21, 2003

MOSC Update• IT Standing Committee

– Next meeting March 3, 2003• Release Review• Continuation of discussions on MPI access granularity

• Commercial Reconciliation / Revenue Meter Sub Committees

– MTR Working Group• Reviewing MTR process

– Targeting to have review complete with any recommendations by the end of February

MOSC Update

• Forecasts and Assessments– 18 Month Assessment - published December 23, 2003

http://www.theimo.com/imoweb/pubs/marketReports/18MonthOutlook_2003jan.pdf

• F&A Sub Committee – Met January 15, 2003

• Review Q4 2002 18-Month Outlook

• Approval to issue interim updates to 18-Month OutlooksPrototype of 18-Month Outlook Update spreadsheet

• Discussion of pending reports for 200310-Year Outlook

4 quarterly 18-Month Outlooks

NPCC Triennial Review of Resource Adequacy

NPCC Summer Seasonal Assessments (CP-8, Operation Working Group)

MOSC Update

• Market Advisory Council

– February 18, 2003 - Toronto Congress Centre

• Agenda to be posted January 21, 2003