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Explore key issues in energy transmission, market development, and ownership. Understand the impact of "marbled cheese" approach and the need for coherent market structures. Delve into the potential benefits and risks associated with different regulatory propositions.
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Federal Energy Regulatory Commission Wednesday, 26th June Presentation by Nick Winser - Sr. Vice President Washington, D.C.
Marbled Cheese –Does it Matter? • Overview • Issues • Market Development and Operation • Transmission Functional Control • Transmission investment, operation and ownership
Overview • Today’s conundrum caused by . . . • lack of coherent, integrated, seamless market • lack of separation of transmission from generation and load serving
Overview • An unenviable choice for the Commission • Approve the proposition . . . • can be made to work • may compromise efficiency • looks untidy • Reject the proposition . . . • may cause further delay
Market Developmentand Operation • Mixing current Midwest and PJM “market designs” is a bad idea • If you accept “marbled cheese” . . . • AEP, ComEd, IP and Dayton should implement Midwest arrangements under PJM until SMD introduced • SMD should be accelerated
Transmission Functional Control • Split between RTO and ITC in Alliance and Translink Orders • Concur with Jim Torgerson’s views and . . . is better than . . . • National Grid can help mitigate the seams
Transmission Investment, Operation & Ownership • Dramatic change to management of transmission is required if markets are to work • management focus • financial focus and firepower • ITCs are the vehicle for this change • Delighted with GridAmerica proposition and seek Commission’s approval • Seek Commission’s encouragement for this approach under PJM