Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Cook, Mary  
Sent:	Tuesday, October 09, 2001 12:38 PM
To:	Sager, Elizabeth
Subject:	FW: Virtual Bidding - data release



 -----Original Message-----
From: 	DDidio@nyiso.com@ENRON  
Sent:	Tuesday, October 09, 2001 11:58 AM
To:	Cook, Mary
Subject:	Virtual Bidding - data release


Dan DiDio
Customer Relations
518-356-6097
----- Forwarded by Daniel Didio/NYISO on 10/09/2001 10:53 AM -----

                    market_relations@nyiso.com
                    Sent by:                               To:     market_relations@nyiso.com
                    owner-nyiso_tech_exchange@lists.       cc:
                    thebiz.net                             Subject:     Virtual Bidding - data release


                    09/27/2001 05:18 PM
                    Please respond to
                    market_relations






Dear Market Participants:

Methodology used in developing the NYISO Virtual Bidding Credit
Requirements:

Day Ahead Market Hourly Zonal LBMP and Real Time Market Integrated Hourly
Zonal LBMP values were used as the data source for developing the NYISO
Virtual Bidding Credit Requirements.  These values are available on the
NYISO web site.  The time period of June 1, 2001 through August 31, 2001
was used.  Peak hours are defined here as the hours of 6am (06:00) through
and including 10pm (22:00).  The absolute value of the difference of the
DAM and R/T price was calculated for each peak hour.  The 97th percentile
of these series of prices was calculated for each zone.  The maximum of
these zonal 97th percentiles was calculated to be $159.33.  The data
manipulation and calculation was performed in MS Excel. The attached
spreadsheet contains the data used in the June 2001 to August 2001
calculations.


(See attached file: Virt Bidding Credit Req data.xls)


Please contact the Customer Relations department with any questions.

Regards,
Customer Relations
518-356-6060(See attached file: Virt Bidding Credit Req data.xls)


 - Virt Bidding Credit Req data.xls