[Federal Register Volume 68, Number 128 (Thursday, July 3, 2003)]
[Notices]
[Page 39938]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16854]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket Nos. ER03-694-000 and ER03-694-001]


PJM Interconnection, L.L.C.; Notice of Staff Technical Conference

June 27, 2003.
    On June 17, 2003, the Commission issued an Order Accepting and 
Suspending Tariff Sheets Subject to Refund and Establishing a Technical 
Conference regarding a filing made by PJM Interconnection, L.L.C. (PJM) 
proposing to establishing a charge for excessive bid/offer segments in 
its energy markets and Financial Transmission Rights (FTR) auctions. 
See PJM Interconnection, L.L.C., 103 FERC 2061,333 (2003).
    Take notice that a staff technical conference on the matters set 
forth in the Commission's order will be held for one day, on Wednesday 
July 16, 2003, from 10 a.m. to 5 p.m., in a room to be designated at 
the offices of the Federal Energy Regulatory Commission, 888 First 
Street, NE., Washington, DC 20426. PJM and persons protesting various 
aspects of PJM's filing should be prepared to answer questions and 
deliver presentations.
    All interested persons are permitted to attend. To assist Staff, 
attendees are requested to e-mail [email protected]. stating your 
name, the name of the entity you represent, the names of the persons 
who will be accompanying you, and a telephone number where you can be 
reached.
    Among the issues the Staff is interested in exploring are:
    A. How does bidding to take advantage of small arbitrage 
opportunities affect the markets operated by PJM? What other benefits 
and/or disadvantages might such behavior cause customers? For example, 
how has this type of financial trading affected price differences 
between PJM's day-ahead and real-time energy markets?
    B. How should the cost of PJM's proposed information system 
upgrades be recovered? If this type of financial trading activity 
benefits the energy markets, then is it appropriate to recover costs 
from all customers or through a separate charge for excessive bids? For 
example, has bidding to take advantage of small arbitrage opportunities 
assured more efficient pricing of transactions?
    C. Would PJM's proposed information system upgrades be installed 
solely as a result of system expansion?
    D. What were the monthly average number of bids/offers submitted in 
PJM's monthly FTR auctions from 2001 to the present? What were the 
average number of bids/offers submitted in the second, third and fourth 
rounds of the 2003 Annual FTR auction?
    The above schedule may be changed as circumstances warrant.

Magalie R. Salas,
Secretary.
[FR Doc. 03-16854 Filed 7-2-03; 8:45 am]
BILLING CODE 6717-01-P