---------------------- Forwarded by Maureen McVicker/HOU/EES on 02/07/2000 
08:49 AM ---------------------------


Steven J Kean
02/06/2000 11:39 AM
To: Maureen McVicker/HOU/EES@EES
cc:  
Subject: Article on Pools

Please forward to the market structure working group.

---------------------- Forwarded by Steven J Kean/HOU/EES on 02/06/2000 11:31 
AM ---------------------------
From: Tim Belden@ECT on 02/04/2000 08:02 AM PST
To: Richard Lewis/LON/ECT@ECT, Joe Gold/LON/ECT@ECT, Thor Lien/OSL/ECT@ECT, 
James B Fallon/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Paul Racicot/HOU/ECT@ECT, 
Paul Mead/PDX/ECT@ECT, Jeff Richter/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, 
Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan J Mara/SFO/EES@EES, 
Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES
cc:  
Subject: Article on Pools

The attached pdf file contains a paper written by Professor Wilson of 
Stanford University.  He is an economist who advised the California Power 
Exchange and the California Independent System Operator on market design 
matters.  The paper compares the pros and cons of centralized versus 
decentralized pools, comparing the California market to many other power 
pools in the world.  While it is a bit academic (and California-centric), it 
is the best high-level characterization of pools that I have ever read.  
Forward to people as you see fit.