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

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Presentation on theme: "Use of the term “Confirm” and derivatives in NAESB Business Standards"— Presentation transcript:

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

2 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

3 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

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

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

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


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