Here is the latest which you should of gotten, but I wanted to let you know
that you find the last Stage 1 at
 http://www.caiso.com/SystemStatus.html     under System Status Log and
History.

I am trying to get a conference call set up with our Market Operations folks
and Market Participants set up for Friday.

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>



> -----Original Message-----
> From:	Happ, Susan  On Behalf Of Fuller, Don
> Sent:	Wednesday, June 20, 2001 4:12 PM
> To:	ISO Market Participants
> Subject:	CAISO Notice: Correction of FERC June 19 Order Market Notice
> Importance:	High
>
> Re-sending due to the addition of footnotes. This is a corrected version
>
> MARKET NOTICE
>
> For hour ending 0100 on June 21, 2001, the California ISO will implement
> the following terms and provisions pursuant  to the Federal Energy
> Regulatory Commission ("FERC") June 19, 2001 Order concerning market
> mitigation measures for California and the Western System Coordinating
> Council.
>
> FOR HOURS IN WHICH ISO DECLARES A SYSTEM EMERGENCY:
>
> *	The ISO Real-time Imbalance Energy 10-minute and Hourly Ex Post
> prices shall be set in accordance with FERC's April 26 Order, as clarified
> by FERC's June 19 Order.
> *	The Market Clearing Price ("MCP") for Ancillary Services shall not
> exceed the Hourly Ex Post Price for the same hour in accordance with
> FERC's May 25, 2001 Order, as described in the CAISO Emergency Notice-May
> 25, 2001 FERC Order On Implementation of the Price Mitigation Plan in
> April 26 Order.
> *
> *	FOR HOURS IN WHICH ISO DOES NOT DECLARE A SYSTEM EMERGENCY:
> *
> *	The ISO Real-time Imbalance Energy MCP shall be no greater than 85
> percent of the highest Hourly market clearing price established when the
> last Stage 1 emergency was in effect.
> *	The ISO Ancillary Services MCP shall be no greater than 85 percent
> of the maximum Hourly market clearing price established when the last
> Stage 1 emergency was in effect.
> *
> *	APPLICABLE TO ALL HOURS:
> *
> *	The system-wide gas price utilized to calculate the Proxy Price
> mandated by the April 26 Order, as clarified by the June 19, 2001 Order,
> shall be based on the simple average of the Gas Daily mid-point monthly
> bid-week SoCalGas large package, Malin, and PG&E Citygate prices.  For
> June 2001 this average is $9.10/mmBtu.
>
> *	The ISO is required to add 10 percent to the MCP paid to generators
> for all prospective sales in its markets to reflect credit uncertainty.
> The prices posted on the ISO Web Site do not reflect the 10 percent
> mark-up.
> Footnotes:
> 1 Capitalized terms not otherwise defined herein are used in the meaning
> set forth in the Master Definitions Supplement, Appendix A to the ISO
> Tariff.
> 2  The ISO is implementing those provisions for which it can make the
> requisite system changes immediately and will implement the remaining
> provisions as soon as possible.
> 3 The maximum MCP for non-emergency hours selling into CAISO markets
> effective June 21, 2001 and until after the next Stage 1 emergency shall
> be $91.87, based on the highest hourly MCP during the most recent Stage 1
> emergency of $108.08MWh.
>
> The ISO continues to assess the June 19, 2001 Order and the steps
> necessary to implement the Order.  We will be issuing subsequent Market
> Notices as may be appropriate with respect to implementation of the June
> 19, 2001 Order.
>
>
> CAISO Market Operations
>
>
>