ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

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ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003

Transcript of ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

Page 1: ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

ERCOT PROGRESS REPORT

Board of Directors

Austin, Texas

February 18, 2003

Page 2: 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)

Page 3: ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

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

Page 4: ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

Management Focus

• Transmission planning

• Reliability of market and operating systems

• Retail mechanics

• Settlements and billing

• Risk management

Page 5: ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

Recent Activities

• Risk management workshop (McKinsey & Co.)

• Formation of ISO/RTO Council (NAESB/NERC)

• Oversight rulemaking (PUC)• Market design (PUC)• Legislative overview (Rep. King)

Page 6: ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

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


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