FYI.

 -----Original Message-----
From: 	owner-pjm-customer-info@pjm.com@ENRON   On Behalf Of PJMCustomerRelationsandTraining@pjm.com
Sent:	Tuesday, January 22, 2002 10:04 AM
To:	pjm-customer-info@risc1.pjm.com
Subject:	News release: PJM, MISO Planning Joint and Common Wholesale Energ	y Market

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> PJM, MISO Planning
> Joint and Common Wholesale Energy Market
> Single energy market would serve more than 42 million
>
> (Valley Forge, PA and Carmel, IN - January 21, 2002) PJM Interconnection and
> the Midwest Independent Transmission System Operator, Inc. (MISO) today
> announced that they have executed a "Letter of Intent" to develop a single
> wholesale market for electricity producers and consumers in all or parts of 27
> Midwest and mid-Atlantic states, the District of Columbia and the Canadian
> province of Manitoba.
>
> 	The vision for achieving a single energy market is outlined in the
> Letter of Intent, which officials at PJM and MISO discussed with their
> respective members and boards last week.
>
> 	"This Letter of Intent reflects PJM and MISO's commitment to develop a
> single, robust energy market that meets the needs of all customers and
> stakeholders in the combined region," said Phillip G. Harris, PJM president
> and chief executive officer. "PJM and MISO's intent is to offer an innovative
> approach to serve the needs of the public and the individual states and
> governmental entities, while benefiting the economies in the regions
> encompassed by the market."
>
> 	"Working with PJM on a joint and common market design will allow both
> regions the opportunity to rapidly realize the benefits of a seamless power
> market," said James P. Torgerson, president and chief executive officer of the
> MISO, the nation's first FERC-approved regional transmission organization.
>
>
> The Letter of Intent outlines several guiding principles for the creation of a
> common energy market, including:
>
> *	The development of the market will be fully consistent with the safe and
> reliable operation of the electric power grid,
>
> *	The single energy market will be administered by two separate
> organizations with certain functions undertaken jointly and others undertaken
> through common processes,
> *
> *	The needs of the states, district and province, individually and
> collectively, will be integral to a successful solution,
> *
> *	Appropriate information technology network architectural design will be
> established that will provide for growth, redundancy, security and flexibility
> for the future, and
>
> *	A commitment to an open process to advise on the development of the
> market design by immediately establishing a joint stakeholder market
> committee.
>
> 	A single market through PJM and MISO's regions would span more than 1
> million square miles including all or portions of:
>
> *	From the Midwest ISO, including TRANSlink and the Southwest Power Pool
> (SPP): Montana, North Dakota, South Dakota, Nebraska, Kansas, Minnesota,
> Missouri, Iowa, Wisconsin, Illinois, Michigan, Indiana, Kentucky, Ohio,
> Virginia, New Mexico, Oklahoma, Arkansas, Wyoming, Louisiana, Texas,
> Mississippi and the Canadian province of Manitoba.
>
> *	From PJM and PJM West: Pennsylvania, Maryland, Delaware, New Jersey,
> West Virginia, Virginia, Ohio and the District of Columbia.
>
> MISO's scale of operations, including TRANSlink and SPP:
>
> *	17.5 million customers served
> *	114,000 megawatts of peak load
> *	125,000 megawatts of generating capacity
> *	118,000 miles of transmission lines
> *	$12.8 billion in installed assets
>
> PJM and PJM West's scale of operation include:
>
> *	25.1 million people served
> *	62,445 megawatts of peak load
> *	66,072 megawatts of generation capacity
> *	13,100 miles of transmission lines
> *	$6.5 billion in installed assets
> *	200 members
> *	298,011 gigawatt hours of annual energy
> *	614 generation sources with diverse fuel types
> *	Over $3.4 billion in annual billing
>
> 	####

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