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NEPOOL Participant’s Meeting Boston, MA May 7, 2004

NEPOOL Participant’s Meeting Boston, MA May 7, 2004. Stephen G. Whitley Senior Vice President & COO. Agenda. System Operations Market Operations Day-ahead Market – April 19, 2004 Electric and Gas Wholesale Initiative Summer Capacity Back-Up Detail. System Operations.

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NEPOOL Participant’s Meeting Boston, MA May 7, 2004

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  1. NEPOOL Participant’s Meeting Boston, MA May 7, 2004 Stephen G. Whitley Senior Vice President & COO

  2. Agenda • System Operations • Market Operations • Day-ahead Market – April 19, 2004 • Electric and Gas Wholesale Initiative • Summer Capacity • Back-Up Detail

  3. System Operations

  4. Operations Highlights • Boston & Hartford Weather Pattern: • April 2004 had normal to above normal temperatures. The precipitation was near record highs. Most areas doubled the amount of normal precipitation. • Peak load of 17,884 MW at 20:00 hours on April 1, 2004. • During April: • NPCC Shared Activation of Reserve Events: • April 6 L/O Bruce G8 @821 MW • April 11 L/O Mystic #9 @600 MW

  5. Market Operations

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

  7. Day-Ahead–LMP Average by Zone & Hub: April 1, 2004 to April 23, 2004 (1.27) (0.52) (-1.30) (0.15) (-2.61) (-2.88) (-1.86) (-9.84) NOTE: Corrected Day-Ahead LMPs for April 19 have been used.

  8. Real-Time-LMP Average by Zone & Hub: April 1, 2004 to April 23, 2004 97.4% (0.80) (-2.00) (0.08) (-1.12) (0.13) (-1.63) (-2.80) (-6.66) (0.60) (0.88) (0.10) (-1.20) (-2.41) (-2.93) (-1.95) (-7.88)

  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*

  13. Day-ahead Market – April 19, 2004

  14. Summary of Event • The Day-Ahead (DA) Energy Market for Monday, April 19 incorrectly modeled two transmission outages in the VT/NH area leading to incorrect results affecting NH, VT and West Central MA. • The DA Market team detected unusual results and delayed the closing to investigate: • DA Market and System Operations outage scheduling personnel did not detect the problem in the allotted timeframe. • Data Problems were identified the following day: • Database included two specific outages modeled to occur • simultaneously due to delay in completing one of them: and, • Incorrect breaker numbers for scheduled outage at a substation.

  15. Timeline of Actions to Correct Errors Advised Market Participants of Problem April 19 & 21 Advised State and Federal Regulators April 20 & 21 Met with NEPOOL Markets Committee April 22 Notice of Intent to Correct the Results April 27 and Rule Changes Proposed Teleconference Seeking Input to April 29 Proposed Rule Changes Filed an Explanation of Problem and April 30 Proposed Rule Changes with FERC Published Corrected Results May 3

  16. Summary of Recommendations • Modify internal and external business processes to improve outage scheduler program. • Add on-site management/senior engineer coverage for the weekend. • Modify protocols to ensure more timely internal and external communications of potential problems.

  17. Electric and Gas Wholesale Initiative

  18. Electric and Gas Wholesale Initiative • Timeline • Define problem & key issues - Complete • Publish Interim ISO-NE Cold Snap Report - May 7 • Prioritize issues & brainstorm solution sets - May • Present range of solutions w/stakeholders - June • 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

  19. Summer Capacity

  20. Summer 2004 Capacity Assessment

  21. Summer 2004 Capacity Assessment

  22. Summer 2004 Capacity Assessment

  23. Summer 2004 Capacity Assessment

  24. Summer 2004 Capacity Assessment

  25. Summer 2004 Capacity Assessment

  26. Back-Up Detail

  27. CT/SWCT

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

  29. Demand Response

  30. Demand Response(as of April 30, 2004)

  31. Demand Response(as of April 30, 2004) * SWCT assets are included in CT values and are not included in Total

  32. Northwest Vermont

  33. 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

  34. New Generation

  35. New Generation Update

  36. RTEP

  37. RTEP Update • TEAC21 held on Thursday, May 6, at the Sheraton Hotel in Springfield, MA • Discussion Topics • Load Response Program 2004 • Load Response Penetration Study • SWCT RFP Results • Resource Adequacy Results • Interregional Planning Update • Economic Assessment • Review methodology • Results • TEAC22 tentatively scheduled for June 2 • TEAC23 tentatively scheduled for June 25

  38. RTEP Projects Update - NEMA

  39. RTEP Projects Update - SWCT

  40. Compliance

  41. 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 3 Participants for failure to respond on time. • 4 Participants that have not completed their 2003 required maintenance must become compliant by May 31, 2004.

  42. Compliance Update (cont.) • A3: Generator Underfrequency Tripping • All Participants responded to the 2003 ISO-NE Survey by 12/1/03 • 6 Participants are non-compliant • 2 are exempt • 2 have plans for compliance • 2 will require that ISO-NE enforce compliance • 2004 Surveys on UFLS and UF generator trip settings were sent out on March 15 and are due May 10, which includes a 10-day grace period. • Failure to comply will result in sanctions

  43. 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.

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