ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003.

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Presentation transcript:

ERCOT PROGRESS REPORT Board of Directors Austin, Texas February 18, 2003

ERCOT Updates Management focus Strategic issues (McKinsey & Company Power and Market Systems (Sam Jones) Market Operations (Ray Giuliani) IT Systems (Ken Shoquist)

SB7 Requirements Ensure open access to transmission and distribution systems Ensure reliability -- “Keep the lights on” Ensure timely conveyance of information needed to support customer choice Ensure accurate accountability for electricity production and delivery

Management Focus Transmission planning Reliability of market and operating systems Retail mechanics Settlements and billing Risk management

Recent Activities Risk management workshop (McKinsey & Co.) Formation of ISO/RTO Council (NAESB/NERC) Oversight rulemaking (PUC) Market design (PUC) Legislative overview (Rep. King)

Conclusions Rapid buildup of ERCOT technical skills and knowledge base is continuing Opportunities to increase cooperation among market participants are being pursued Improved relationships with Legislature and PUC are developing