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NEPOOL Participant’s Meeting Boston, MA April 2, 2004

NEPOOL Participant’s Meeting Boston, MA April 2, 2004. Stephen G. Whitley Senior Vice President & COO. Agenda. System Operations Market Operations Electric and Gas Wholesale Initiative Back-Up Detail. System Operations. Operations Highlights. Boston & Hartford Weather Pattern:

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NEPOOL Participant’s Meeting Boston, MA April 2, 2004

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  1. NEPOOL Participant’s Meeting Boston, MA April 2, 2004 Stephen G. Whitley Senior Vice President & COO

  2. Agenda • System Operations • Market Operations • Electric and Gas Wholesale Initiative • Back-Up Detail

  3. System Operations

  4. Operations Highlights • Boston & Hartford Weather Pattern: • March 2004 had near normal or above normal temperatures. The precipitation was below normal, ending on a wet note. Snow fall in the Boston area was above normal; the Hartford area was below normal. • Peak load of 19,233 MW at 19:00 hours on March 16, 2004. • During March: • NPCC Shared Activation of Reserve Events: • March 6 L/O Millstone Point #2 @897 MW • March 13 L/O Bruce #4 @760 MW • March 15 L/O Millstone Point #2 @900 MW • No Fuel Delivery Issues

  5. Market Operations

  6. Day–Ahead & Real-Time Prices, ISO Hub

  7. Congestion Component Congestion Component LMP LMP Marginal Loss Component Marginal Loss Component Day-Ahead–LMP Average by Zone & Hub March 1, 2004 to March 23, 2004 (1.87) (-1.26) (0.36) (0.11) (-1.68) (-1.21) (-2.92) (-8.07)

  8. Congestion Component Congestion Component LMP LMP Marginal Loss Component Marginal Loss Component Real-Time-LMP Average by Zone & Hub March 1, 2004 to March 23, 2004 97.4% (0.80) (-2.00) (0.08) (-1.12) (0.13) (-1.63) (-2.80) (-6.66)

  9. Day - Ahead Market vs. Forecast Load

  10. Day - Ahead LMP

  11. Real - Time LMP

  12. Settlement Data – Real - Time & Balancing Market Percentage of Real-Time Load Fully Hedged Through ISO-NE Settlement System* 80% 77% 75% 75% 75% 75% 73% 73% 73% 73% 72% 73% 72% 73% 71% 71% 71% 71% 70% 70% 71% 66% 65% % RT Load Fully Hedged 60% 55% 50% Jul-03 Jan-03 Jun-03 Jan-04 Apr-03 Nov-02 Nov-03 Feb-03 Mar-03 Feb-04 Mar-04 Oct-02 Oct-03 Dec-02 Sep-03 Dec-03 Aug-03 May-03 Oct-01 - Sep-02 Average Month NOTE: REPRESENTS MARCH 1 - 24, 2004 DATA * Post-SMD data ignores intra-pool LMP differences

  13. Electric and Gas Wholesale Initiative

  14. Electric and Gas Wholesale Initiative • In response to the January 2004 Cold Snap, TEAC’s Fuel Diversity Working Group is charged with the Electric and Gas Wholesale Initiative Project. • High priority issue with N.E. Governors • Workshop #1 – March 19th – Springfield Sheraton • Wide set of Stakeholders • Joint NEPOOL/ISO-NE Cold Snap Task Force • Many problems and key issues identified • Physical, operational, communications, training • Next Meeting – April 12th – Wyndham, Westboro

  15. Electric and Gas Wholesale Initiative • Joint NEPOOL/ISO-NE Cold Snap Task Force • Broad membership: regulatory, electric & gas stakeholders • Non-voting technical & policy advisory group • Developed Mission Statement & Charter • Assess & propose improvements to existing NEPOOL markets, rules & procedures • Collaborate with gas industry for possible changes to practices & procedures • Provide input to potential changes in regional energy policy, laws or regulations to improve electric & gas market reliability and efficiency • Coordinate resolution thru NEPOOL Committee process

  16. Electric and Gas Wholesale Initiative • Timeline • Fully define the problem & key issues - April • Release draft ISO-NE Cold Snap Report - April • Prioritize issues & brainstorm solution sets - May • Present range of solutions w/stakeholders - May • Finalize set of recommendations - June • 30 day public comment period - July • Publish final ISO-NE Cold Snap Report - August • FERC Filings - August • Implement changes - Fall 2004 • Regular interaction with NEGC PPC and regulatory agencies

  17. Back-Up Detail

  18. CT/SWCT

  19. SWCT Transmission • Phase I • Received conditional approval from Connecticut Siting Council 2/11/04 • Phase II • Town hearings completed • “Need” hearings completed • “Underground Technology” segments – May • “Overhead” segments and “East Shore” – May

  20. Demand Response

  21. Demand Response(as of March 29, 2004)

  22. Demand Response(as of March 29, 2004) * SWCT assets are included in CT values and are not included in Total

  23. Northwest Vermont

  24. NWVT Reliability Project Update • State hearing process continues • Technical Hearings complete • Discovery on 115kV line relocations underway, hearings by mid-June • Rebuttal phase delayed until end of July • Decision expected by mid October

  25. New Generation

  26. New Generation Update • No new resources were added in March. • Approximately 400 MW expected on line by the end of the year. • Status of Generation Projects as of March 29, 2004: No.MW In Construction 3 289 with 18.4 approval Not in Construction 7 1,506 with 18.4 Approval

  27. RTEP

  28. RTEP Update • TEAC21 tentatively scheduled for April • RTEP04 to include enhancements to RTEP03 including • Fuel Diversity • Clearer definition of system needs • Interim NEPOOL Project Listing to be updated in April • Many projects have advanced • 5 new projects • 9 cancelled projects • 10 advanced to Planned stage with 18.4 approval • 12 commenced construction • 17 placed in service • 2nd New Brunswick Tie to be changed from Elective to Reliability Project • Project is under review to identify the most effective alternatives • Cost will be subject to 12C review

  29. RTEP Projects Update - NEMA

  30. RTEP Projects Update - SWCT

  31. Compliance

  32. Compliance Update • A4: Maintenance for Bulk Power System Protection • Required response to 2004 ISO-NE survey by 1/5/04 • Level 2 sanctions will apply to three Participants for failure to respond on time. • Six Participants that have not completed their 2003 required maintenance must become compliant by May 31, 2004.

  33. Compliance Update (cont.) • A3: Generator Underfrequency Tripping • All Participants responded to the 2003 ISO-NE Survey by 12/1/03 • Six Participants are non-compliant • Two are exempt • Four have plans for compliance • 2004 Surveys on UFLS and UF generator trip settings were sent out on March 15 and are due May 3.

  34. Sanctions • Level 1 – Letter from Director SP to the relevant functional head (operations, planning) of the Industry Participant with copy to NCWG • Level 2 – Letter from COO to the Chief Executive of the Industry Participant with copy to the relevant functional head, other NEPOOL Participants (the NEPOOL Task Forces, RC, NPC) and NPCC • Level 3 – Letter from the CEO to the Board of Directors of the Industry Participant with copies to Level recipients. Post on the ISO-NE Compliance Website. • Level 4 – same as Level 3 with copies to the appropriate State/Provincial regulatory agencies, FERC, DOE, State Governor and Legislators.

  35. Summer 2004 Capacity Assessment

  36. Summer 2004 Capacity Assessment

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