1. Final Thoughts on NAESB & NERC Participation EPSA Regulatory Affairs Conference October 25, 2006

2. WHAT NAESB –RM05-5 (Order No. 28) –RM05-17 –RM05-25 –RM05-28 –TLR Business Practices –ATC Business Practices NERC –83 of 107 accepted –ATC/AFC –Frequency Response –Resource Adequacy –TLR Procedure

3. WHY NAESB –Copyright Law – authorization granted to members and those that purchase the standards NERC –EPACT 2005 – Public Law 109-58 16 U.S.C. 824 Sec. 215 (e) ENFORCEMENT.—(1) The ERO may impose, subject to paragraph (2), a penalty on a user or owner or operator of the bulkpower system for a violation of a reliability standard approved by the Commission under subsection (d) if the ERO, after notice and an opportunity for a hearing— (A) finds that the user or owner or operator has violated a reliability standard approved by the Commission under subsection (d); and (B) files notice and the record of the proceeding with the Commission.16 U.S.C. 824 Sec. 215 (e) ENFORCEMENT.—(1) The ERO may impose, subject to paragraph (2), a penalty on a user or owner or operator of the bulkpower system for a violation of a reliability standard approved by the Commission under subsection (d) if the ERO, after notice and an opportunity for a hearing— (A) finds that the user or owner or operator has violated a reliability standard approved by the Commission under subsection (d); and (B) files notice and the record of the proceeding with the Commission.

4. WHO.…YOU! (If you are not here, you should be) NAESB Membership –Exelon –Williams –Conectiv –Constellation –Edison Mission –Ontario Power Generation –PSEG –Tenaska –Powerex –Suez –BP Energy –Mirant –ConocoPhillips –Sempra NERC Roster –Exelon –Williams –Conectiv –Constellation –Edison Mission –Ontario Power Generation –PSEG –Tenaska –Suez –Reliant –Calpine