[Federal Register Volume 70, Number 114 (Wednesday, June 15, 2005)]
[Notices]
[Pages 34754-34755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3075]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[ Docket Nos. PL05-7-000, EL03-236-000 et al., ER04-539-000 et al.]


Capacity Markets in the PJM Region, PJM Interconnection, LLC, PJM 
Interconnection, LLC; Supplemental Notice of Technical Conference

June 8, 2005.
    On May 19, 2005, a notice was issued in Docket No. PL05-7-000 \1\ 
announcing that a technical conference will be held June 16, 2005, to 
discuss the capacity markets currently in use in the PJM 
Interconnection, L.L.C. (PJM) region. The notice indicated that the 
technical conference is intended to provide a forum through which 
Federal and State regulators and participants in the PJM market may 
come to a common understanding of the current PJM capacity situation, 
the problems perceived in the market and what deficiencies, if any, 
exist in the current PJM market construct that contribute to, or do not 
properly address, those perceived problems, and potential alternative 
solutions. Members of the Federal Energy Regulatory Commission, state 
public utilities commissions, and their respective staffs are expected 
to participate. This supplemental notice provides additional 
information and an agenda for the conference.
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    \1\ This notice also includes additional dockets, listed in the 
caption, that relate to issues that may be discussed.
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    The morning session of the conference will be focused on general 
capacity market objectives, how PJM's current capacity market meets 
those objectives, and alternative approaches under consideration, 
including PJM's Reliability Pricing Model (RPM) proposal. The afternoon 
session will address specific elements of a capacity market, including 
whether and how transmission planning and load response can be 
integrated with the capacity market as well as procurement issues, such 
as the shape of the demand curve and the appropriate role for PJM. 
Discussion during the afternoon should address how the elements of the 
various alternative proposals compare with regard to those elements.
    The conference is open for the public to attend and advance 
registration is not required.
    Transcripts of the conference will be immediately available from 
Ace Reporting Company (202-347-3700 or 1-800-336-6646) for a fee. They 
will be available for the public on the Commission's eLibrary system 7 
calendar days after FERC receives the transcript. Additionally, Capitol 
Connection offers the opportunity for remote listening and viewing of 
the conference. It is available for a fee, live over the Internet, by 
phone or via satellite. Persons interested in receiving the broadcast 
or who need information on making arrangements should contact David 
Reininger or Julia Morelli at the Capitol Connection (703-993-3100) as 
soon as possible or visit the Capitol Connection Web site at http://www.capitolconnection.org and click on ``FERC.''
    FERC conferences are accessible under section 508 of the 
Rehabilitation Act of 1973. For accessibility accommodations please 
send an e-mail to [email protected] or call toll free 866-208-3372 
(voice) or 202-208-1659 (TTY), or send a FAX to 202-208-2106 with the 
required accommodations.
    For additional information, please contact Morris Margolis at (202) 
502-8611; [email protected], or Sarah McKinley at (202) 502-
8004, or [email protected].

Magalie R. Salas,
Secretary.

Technical Conference Agenda

9 a.m.

I. Opening Remarks and Introductions
II. General Capacity Market Objectives and PJM
    Objectives of a capacity market
    Interrelationship with other markets
    Does PJM's current capacity construct meet those objectives?

[[Page 34755]]

    Should there be an ``exit strategy'' for the capacity market? 
i.e., are capacity markets a short term fix? If so, how to design an 
exit strategy?
    Panelists: Joseph Bowring, Manager, PJM Market Monitoring Unit; 
Elizabeth Anne Moler, Executive Vice President, Exelon Corp.; Thomas 
Shaw, Executive Vice President and COO, PEPCO Holdings, Inc.; Bob 
Weishaar, PJM Industrial Customer Coalition; Patrick McCullar, 
President and CEO, Delaware Municipal Electric Corp.; Lynne 
Kiesling, Northwestern University and the International Foundation 
for Research in Experimental Economics; Brian Chin, Energy Merchant 
Analyst, Smith Barney; Roy Shanker.
III. Description of Alternative Capacity Market Proposals
    Andy Ott, Vice President, Market Services, PJM--PJM's 
Reliability Pricing Model (RPM), Ed Tatum, Old Dominion Electric 
Cooperative--Enhanced Integrated Transmission and Capacity Construct 
(EITCC), Tom Hyzinski, PPL Corporation--PPL Resource Adequacy Market 
Proposal.

Lunch Break

IV. Capacity Market Elements
    Panel 1: Transmission Planning: Planning horizon time frame, 
Role of ``reliability must run'', or RMR agreements, Transmission 
investment triggers, ``Granularity'' of locational requirements.
    Panelists: Steve Herling, Executive Director, System Planning, 
PJM; Craig Baker, Senior Vice President, Regulatory Services, AEP; 
Laurie Oppel, Navigant Consulting; Gary Sorenson, Managing Director, 
Energy Operations, PSEG Energy Resources and Trade, L.L.C.; George 
Owens, Downes Associates, Inc.
    Panel 2: Procurement: Shape of demand curve (i.e., vertical or 
sloped), Penalty structure, Timing of forward obligations/
procurement, Role of PJM in procurement, Impact on retail access, 
Impact on long term bilateral contracting, Facilitation of demand 
response, including annual v. peak pricing.
    Panelists: Tom Welch, Market Strategy, Market Services Division, 
PJM; Ben Hobbs, Johns Hopkins University; Reem Fahey, Regional V.P. 
of Market Policy, Edison Mission Energy; Jon Wallach, on behalf of 
Maryland Peoples' Counsel; John Orr, Director, Reliant Energy; Steve 
Wemple, Director, ConEdison Energy; Stephen Fernands, Customized 
Energy Solutions; Mark Scott, Old Dominion Electric Cooperative.

4 p.m.--Recap

5 p.m.--Adjourn

[FR Doc. E5-3075 Filed 6-14-05; 8:45 am]
BILLING CODE 6717-01-P