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Published byMelina Allison Modified over 8 years ago
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ERCOT PROGRESS REPORT Board of Directors Austin, Texas October 15, 2002
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Votes Mediated Settlement with Frontera/APX Bylaws and Board Procedures Amendments Protocol Revisions (and Appeal) Budget Approval Foreign Corporate Guarantee
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Updates Frontera Settlement Retail Transactions Other Activities Retail Mechanics (Monte Jones) Reliability and grid operations (Sam Jones)
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Frontera/APX Protocols were not totally clear in certain situations -- as a result: –Frontera expected to be paid as bid (OOMC) –Even though there was no “market solution” ERCOT contends that protocol’s intent was to cover variable costs plus a premium (10%) Frontera requested ADR to resolve issues
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Frontera/APX (Cont’d) Unique circumstances existed: –ERCOT’s reliability needs (OOMC) were the primary reason for starting up the plant (92% of the time) over five months –Third party revenues were derived from ERCOT’s commitments, not the reverse –The plant had economic value to the merchant market, beyond ERCOT’s needs
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Frontera/APX (Cont’d) Based on these factors, ERCOT offered an alternative approach: –Variable costs would be paid by ERCOT –Third party revenues would be shared in the same proportion as the ratio of variable to total costs –No fixed costs or premium would be allowed –Frontera would retain 100% of OOME payments
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Frontera/APX (Cont’d) A settlement agreement is proposed: –That is fair to Frontera and to the ERCOT market –That covers six months of (past) operations, and –That identifies the need for future protocol changes that reflect these unique circumstances –Thereby establishing a context for future market discussions regarding reliability service
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Retail Transactions Total transactions now exceed 2.5 million Sample data indicate that success rate is improving rapidly –814 transactions were within protocols >95% of the time –867 transactions were even better ETS will enable 100% sample evaluation
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Transactions
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Other Activities Taylor dedication scheduled to coincide with November Board meeting January Board meeting will be a retreat ISO CEOs to meet in Austin on October 24 th and 25 th Disaster Recovery project proceeding well
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Disaster Recovery Goals Provide continued transaction processing in the event of site disaster Ensure “high availability” of critical applications in event of system failure Allow for data (disk storage) capacity growth Isolate application development and testing
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12-02 Migrate – Blue Building to Taylor Data Center Select Fiber Type & Vendor 1-032-033-03 2003 4-03 5-036-037-03 8-02 9-0210-0211-02 2002 Negotiate Network Terms & Conditions Order Network Implement Network Order/Install EMC#2 Equipment Relocate EMC#1 From Taylor To Met Center Disaster Recovery Taylor to Austin Go-Live Disaster Recovery Milestones Identify New / Upgrade Servers Purchase & Install Servers
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Grid Operations and Reliability Seven RMR contracts signed with AEP Congestion reductions via new or improved transmission will reduce RMR demands None of Reliant’s tendered plants are needed through 12/31/02 Additional RMR discussions are pending
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Conclusions Steady progress continues Feld Group continues to match current staff capabilities with expanding requirements Generation and transmission planning are receiving increased emphasis in order to maintain reliability in an increasingly dynamic market
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