Donna,

This brings us back to the age-old question.  During an emergency, how we can tell what the highest price paid for energy by California is?  Their market clearing price does not include all the spot market energy that they purchase.  The CISO has acknowledged buying well over the artificially low federal price cap from in-state muni's (LDWP, SMUD, etc.) but none of this information is passed on in a timely fashion.  And what qualifies one counterparty for a penalty, and another counterparty for a "do-over" (could be assessed)?  

We will continue our practice of notifying the CAISO as soon as possible regarding outages.

Thank you for the information and the follow-up.

Bill

 -----Original Message-----
From: 	Sheidun, Donna  
Sent:	Wednesday, July 11, 2001 2:23 PM
To:	Williams III, Bill; Foster, Chris H.
Cc:	DL-Portland Volume Mgmt; Sheidun, Donna
Subject:	ISO Compliance Filing on June 19 FERC Order
Importance:	High

All,

I have reviewed documents from the ISO's website regarding forced outages as they relate to the June 19 FERC order and concluded the following: 

(1) During a System Emergency, a penalty based on twice the highest price paid for energy in the hour could be assessed if the Participating Generator does not notify the ISO of the outage within the operating hour of the outage, and 

(2) During a Non-System Emergency, a generator could be assessed a penalty if it fails to report the forced outage within the operating hour. 

If you have any questions at all, I can be reached at extension 7733.  

Thanks,
Donna


 -----Original Message-----
From: 	"Almeida, Keoni" <KAlmeida@caiso.com>@ENRON [mailto:IMCEANOTES-+22Almeida+2C+20Keoni+22+20+3CKAlmeida+40caiso+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Wednesday, July 11, 2001 1:33 PM
To:	Sheidun, Donna
Subject:	FW: CAISO Notice - ISO Compliance Filing on June 19 FERC Order
Importance:	High




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 <mailto:kalmeida@caiso.com> >



-----Original Message-----
From: Grant, Colleen On Behalf Of Woertz, Byron
Sent: Wednesday, July 11, 2001 9:45 AM
To: ISO Market Participants
Subject: CAISO Notice - ISO Compliance Filing on June 19 FERC Order
Importance: High



	ISO Market Participants:

	As you know, on June 19, the FERC released its "Order On Rehearing
Of Monitoring And Mitigation Plan For The California Wholesale Electric
Markets, Establishing West-Wide Mitigation, And Establishing Settlement
Conference." Since the Order was released, market participants have raised
several questions regarding the Order. The ISO has received several
questions and plans to share those questions and answers with you within the
next few days.

	In addition, in compliance with the June 19 FERC Order, the ISO has
made its compliance filing with FERC. The filing is posted on the ISO web
site at http://www1.caiso.com/pubinfo/FERC/filings/ for your review.

	The ISO will host a conference call from 12:00 p.m. to 2:00 p.m. PDT
on Monday, July 16 to discuss questions you may have regarding the FERC's
June 19 Order. The details of the call are as follows:

	Dial-In Number: (877)381-6005

	Conference ID: 1361763

	Leader: Byron Woertz

	Our goal will be to clarify the ways in which the ISO is
interpreting and implementing the FERC Order and to address other
implementation issues you may have. We do not plan to discuss issues that
are pending or are more appropriately addressed at FERC. If you have
specific questions you would like for us to address, please send them to me
by COB on Thursday, July 12 so that we can be better prepared to address
them during the call on Monday. If you have any questions, please call or
e-mail me.



	Byron B. Woertz, Jr.

	Director, Client Relations

	(916) 608-7066

	(800) 481-7037 - Pager