IN: ADesell@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: As directed by FERC in its September 4, 2001 Order in docket ER01-2536-000, the NYISO has completed the calculation of the revenue neutral translation into Unforced Capacity terms of the In-City $105 cap applicable to Generators subject to market power mitigation measures. In the September 4, 2001 Order, the Commission decided that the "translated in-city price cap is to be fixed at an amount determined on the day of the first in-city capacity auction under UCAP methodology" using data from the most recent 12-month period. On the basis of Operating Data received by the NYISO, the Capacity-weighted EFORd for all Generators subject to market power mitigation measures for the 2001-2002 Winter Capability Period Auction is 7.04%. Thus, the In-City cap under the UCAP market design, including the Capability Period Auction scheduled for October 1, 2001, is $112.95.

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OUT: UCAP Translated In-City Cap Applicable to Mitigated Generators: $112.95

IN: Records indicate that there are a significant number of employees who have yet to have a drug test. Here are the details of the locations in Houston, Portland and other locations. Please attend one as soon as possible to avoid delays in your your onboarding and payroll processing. HR

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OUT: Urgent - Drugs Test Reminder

IN: Bill, As per our conversation today, I am sending you an outline of what we intend to be doing in Ercot and in particular on the real-time desk. For 2002 Ercot is split into 4 zones with TCRs between 3 of the zones. The zones are fairly diverse from a supply/demand perspective. Ercot has an average load of 38,000 MW, a peak of 57,000 MW with a breakdown of 30% industrial, 30% commercial and 40% residential. There are already several successful aggregators that are looking to pass on their wholesale risk to a credit-worthy QSE (Qualified Scheduling Entity). Our expectation is that we will be a fully qualified QSE by mid-March with the APX covering us up to that point. Our initial on-line products will include a bal day and next day financial product. (There is no day ahead settlement in this market). There are more than 10 industrial loads with greater than 150 MW concentrated at single meters offering good opportunities for real-time optimization. Our intent is to secure one of these within the next 2 months. I have included some price history to show the hourly volatility and a business plan to show the scope of the opportunity. In addition, we have very solid analytics that use power flow simulations to map out expected outcomes in the real-time market. The initial job opportunity will involve an analysis of the real-time market as it stands today with a view to trading around our information. This will also drive which specific assets we approach to manage. As we are loosely combining our Texas gas and Ercot power desks our information flow will be superior and I believe we will have all the tools needed for a successful real-time operation. Let me know if you have any further questions. Thanks,

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OUT: ERCOT opportunities

IN: Willie: Thanks for your voice mail message. As I explained to Joe and David, on all of the counterparties where we have "EOL Issues" I need to know what those issues are and then I will call them. Could you please advise Joe and/or David about this and then I will follow up. The only issue that we discussed was the issue that these counterparties are thinking that the clicking requirement in the ETA applies to confirms which it doesn't. Thanks

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OUT:
EOL Issues