Electric Marketsvs

Franchised Monopolies

NCAC/USAEE

20 February 2004

Washington, DC

Vito Stagliano

RTOs: Status in December 2002

CAISO

RTO West

WestConnect

ERCOT

SPP

Midwest ISO

Alliance RTOTVA

SE Trans

Grid Florida

Grid SouthPJM

NYISO

NERTO

RTOs: Status in December 2003

Transmission Disinvestment

Transmission Constraints

Vertical Re-Integration

2003 Procurements Resulting in Utility Self-Selection

California Arizona Washington Nevada Utah Oregon Idaho Louisiana Georgia

Reliability & Markets

RTOs: 2004 Possibilities

Instruments of Change

Jurisdictional Truce

Deference to Regional Preferences ISAs vs ISOs

Simplified Market Structures

Market Power Mitigation (SMA)

Competitive Supply Procurement

Probable Breakthroughs

SPP RTO

Grid Florida

RTO-West