ERCOT Progress Report: Strategic Management Focus and Recent Developments in Austin, Texas
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Dive into the February 18, 2003 ERCOT Progress Report outlining management's strategic focus, compliance with SB7 Requirements, and recent activities such as risk management workshops and market design updates.
ERCOT Progress Report: Strategic Management Focus and Recent Developments in Austin, Texas
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Presentation Transcript
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 • 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
Management Focus • Transmission planning • Reliability of market and operating systems • Retail mechanics • Settlements and billing • Risk management
Recent Activities • Risk management workshop (McKinsey & Co.) • Formation of ISO/RTO Council (NAESB/NERC) • Oversight rulemaking (PUC) • Market design (PUC) • Legislative overview (Rep. King)
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