Use of the term “Confirm” and derivatives in NAESB Business Standards

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Presentation transcript:

Use of the term “Confirm” and derivatives in NAESB Business Standards 13 January, 2015 Ken Quimby

Assignment: Review the use of the term “Confirm” and its derivatives for possible modification due to the Entergy/Dynegy order. Scope reviewed: NAESB V 3.0 Business Standards: WEQ-001 and WEQ 013

WEQ-001 WEQ-013 334 instances of the term “confirm” or derivative confirmation confirmed unconfirmed preconfirmed pre-confirmed WEQ-013 214 instances of the term “confirm” or derivative confirm confirmed confirmation preconfirmed pre-confirmed confirming preconfirmation

WEQ-001 WEQ-013 001-4 Negotiation and Confirmation Process Table 4-3 001-9 Redirect on a Firm Basis 001-10 Redirect on a Non-Firm Basis 001-11 Resales WEQ-013 013-2 OASIS processing

Result? “What Alan Said” Refer to NAESB Business Practice Standards Notes with respect to the Entergy Order - Initial Review posted in October 2014

Recommendation With the agreed upon approach in hand, review the sections noted in the referenced document for modification.