Is this good or bad for Enron?  My take is that this doesn't help us push for ONE RTO.
 
Jim

-----Original Message-----
From: Allegretti, Daniel 
Sent: Tuesday, September 18, 2001 12:58 PM
To: Lindberg, Susan; Novosel, Sarah; Steffes, James D.; Hoatson, Tom; Fromer, Howard
Subject: FW: FERC grants SMD clarification requested by ISO-NE


 
-----Original Message-----
From: Gerity, Patrick M. [mailto:pmgerity@dbh.com]
Sent: Tuesday, September 18, 2001 12:28 PM
To: Allegretti, Daniel
Subject: FW: FERC grants SMD clarification requested by ISO-NE




Attached is the much anticipated order granting clarification of the Commission's order on the SMD filing.  The heart of this order states that when the FERC refused to act on the SMD filings, its action:

was not intended to stop ISO-NE's or any other parties' efforts that might further the objectives of developing and implementing a regional market in the Northeast.  The Commission has already identified many aspects of such a market that it expects to see:  e.g., congestion management through locational marginal pricing, and day ahead and real time markets.  These elements are likewise present in SMD.  It thus was not the intention of the Commission that parties should stop work altogether.  Continuation of ISO-NE's efforts at developing the software and related products necessary to implement SMD would, in fact, be a positive step toward ultimately developing a single Northeastern market.  We note, however, that as it continues with the development of SMD, ISO-NE should be mindful of the ultimate goal of a single Northeastern market design.  We thus urge ISO-NE to continue with development of SMD in every aspect, including software, in a sufficiently flexible manner so that any products developed for SMD may be readily adaptable to whatever market design is ultimately proposed for the Northeastern RTO.

-pg 

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