The Committee moved approval with no objection. Ms. Coy presented a brief history of the emergency notifications for this year to date. Stage I and Stage II alerts have increased substantially over previous years due to generation shortfalls and increased demand. Cynthia Verdugo-Peralta expressed concern that the District should receive direct notification from the ISO when emergency alerts take place. This is an informational only item at the Committee's request and will be placed on the January agenda for an update.
Staff continues to see very active trading on RTCs.
The current compliance year is the one that has been the most critical concern due to the quickly escalating price of RTCs. Higher priced trades are now occurring in compliance years 2001 and 2002. Prices have increased due to the declining allocation, deferred control equipment installation, and the extraordinary demand for NOx credits by the power companies. As reported to the Board at their October meeting, very cost-effective NOx emission reductions remain to be made. The Committee acknowledged the report.