Federal Register / Vol. 79, No. 206 / Friday, October 24, 2014 / Notices 63621 

mitigation rules and the shortage pricing 

rules. The market monitors will also be 

asked to discuss whether: (1) Market 

power mitigation provisions have a 

material impact on the price formation 

process; (2) the short-run marginal costs 

estimates that underlie market power 

mitigation provisions sufficiently 

account for all resource supply costs, 

including opportunity costs; (3) RTO/

ISO offer rules provide sufficient 

flexibility for resources to reflect cost 

changes that occur between day-ahead 

and real-time and across hours in realtime; and (4) RTO/ISO rules provide 

sufficient protection against the exercise 

of market power. 

Panelists: 

• Eric Hildebrandt, California 

Independent System Operator 

Corporation. 

• Jeffrey McDonald, ISO New 

England Inc. 

• Shaun Johnson, New York 

Independent System Operator, Inc. 

• Joseph Bowring, Monitoring 

Analytics. 

• Catherine Mooney, Southwest 

Power Pool, Inc. 

• David Patton, Potomac Economics. 

3:30 p.m.–3:45 p.m.—Break 

3:45p.m.–4:45p.m.—Panel 4: Impacts of 

Offer Caps and Market Power 

Mitigation 

Panel 4 will focus on the impacts that 

offer caps and offer mitigation have on 

both buyers and sellers in wholesale 

markets. Discussion will include 

comments from resource owners about 

whether the current $1,000/MWh offer 

cap permits them to reflect their costs 

fully in supply bids. Resource owners 

will also be asked to discuss: (1) 

Whether the RTOs/ISOs permit all of 

the relevant costs, including 

opportunity costs, to be included in the 

marginal cost estimates that underlie 

market power mitigation provisions; 

and (2) whether RTO/ISO offer rules 

permit resources to reflect changes in 

resource supply costs that occur 

between day-ahead and real-time and 

across hours in real-time. Panelists will 

be asked to comment on the role that 

offer caps and market power mitigation 

procedures play in ensuring just and 

reasonable rates. Of particular interest 

will be the extent to which offers 

capped at some value (like the current 

$1000/MWh cap) play a meaningful role 

in consumer protection. The RTOs/ISOs 

and the RTO/ISO market monitoring 

units will be given an opportunity to 

discuss any issues raised by panelists. 

Panelists: 

• Joseph Cavicchi, Compass Lexecon, 

speaking on behalf of Electric Power 

Supply Association. 

• Abraham Silverman, NRG Energy, 

Inc. 

• Edward Tatum, Old Dominion 

Electric Cooperative. 

• Jeffrey Nelson, Southern California 

Edison. 

• Charlie Bayless, North Carolina 

Electric Membership Corporation. 

• Patrick Connors, WPPI Energy, 

speaking on behalf of Transmission 

Access Policy Study Group. 

4:45 p.m.–5 p.m.—Closing 

[FR Doc. 2014–25322 Filed 10–23–14; 8:45 am] 

BILLING CODE 6717–01–P 

DEPARTMENT OF ENERGY 

Federal Energy Regulatory 

Commission 

[Docket No. AD14–14–000] 

Price Formation in Energy and 

Ancillary Services, Markets Operated 

by Regional Transmission 

Organizations, and Independent 

System Operators: Notice of Workshop 

As announced in the Notice issued on 

June 19, 2014, the Federal Energy 

Regulatory Commission (Commission) 

directed its staff to convene workshops 

as necessary to commence a discussion 

with industry on existing market rules 

and operational practices affecting price 

formation issues in energy and ancillary 

services markets operated by Regional 

Transmission Organizations (RTOs) and 

Independent System Operators (ISOs). 

The June 19 Notice listed four areas of 

interest: uplift payments, offer price 

mitigation and offer price caps, scarcity 

and shortage pricing, and operator 

actions that affect prices. The first 

workshop, held on September 8, 2014, 

addressed uplift payments and the 

second workshop, scheduled for 

October 28, 2014, will address offer 

price mitigation and offer price caps and 

scarcity and shortage pricing. The third 

workshop will address technical, 

operational, and market issues related to 

operator actions in energy and ancillary 

services markets operated by RTOs and 

ISOs, and will be held on Tuesday, 

December 9, 2014 from 8:45 a.m. to 5 

p.m. in the Commission Meeting Room 

at the Federal Energy Regulatory 

Commission, 888 First Street NE., 

Washington, DC 20426. Commission 

members may participate in the 

workshop. 

The workshop will be open for the 

public to attend. Advance registration is 

not required, but is encouraged. 

Attendees may register at the following 

Web page: https://www.ferc.gov/whatsnew/registration/12-09-14-form.asp. 

Those wishing to participate in the 

program for this event should nominate 

themselves through the online 

registration form no later than October 

29, 2014 at the following Web page: 

https://www.ferc.gov/whats-new/

registration/12-09-14-speaker-form.asp. 

At this Web page, please provide an 

abstract (1,500 character limit) of the 

issue(s) you propose to address. Due to 

time constraints, we may not be able to 

accommodate all those interested in 

speaking. 

Further details and a formal agenda 

will be issued prior to the workshop. 

Information on this event will be 

posted on the Calendar of Events on the 

Commission’s Web site, www.ferc.gov, 

prior to the event. The workshop will 

also be Webcast and transcribed. 

Anyone with Internet access who 

desires to listen to this event can do so 

by navigating to the Calendar of Events 

at www.ferc.gov and locating this event 

in the Calendar. The event will contain 

a link to the Webcast. The Capitol 

Connection provides technical support 

for Webcasts and offers the option of 

listening to the meeting via phonebridge for a fee. If you have any 

questions, visit 

www.CapitolConnection.org or call 703– 

993–3100. 

Commission workshops are accessible 

under section 508 of the Rehabilitation 

Act of 1973. For accessibility 

accommodations, please send an email 

to accessibility@ferc.gov or call toll free 

1–866–208–3372 (voice) or 202–502– 

8659 (TTY), or send a FAX to 202–208– 

2106 with the required 

accommodations. 

For further information on this 

workshop, please contact: 

Logistical Information 

Sarah McKinley, Office of External 

Affairs, Federal Energy Regulatory 

Commission, 888 First Street NE., 

Washington, DC 20426, (202) 502–8368, 

sarah.mckinley@ferc.gov. 

Technical Information 

Emma Nicholson, Office of Energy 

Policy and Innovation, Federal Energy 

Regulatory Commission, 888 First Street 

NE., Washington, DC 20426, (202) 502– 

8846, emma.nicholson@ferc.gov. 

Dated: October 10, 2014. 

Kimberly D. Bose, 

Secretary. 

[FR Doc. 2014–25320 Filed 10–23–14; 8:45 am] 

BILLING CODE 6717–01–P 


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