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Seams Presentation OPSI Annual Meeting Raleigh, NC October 7, 2013

Seams Presentation OPSI Annual Meeting Raleigh, NC October 7, 2013. Stan Williams Director, Compliance & Settlements PJM Interconnection. PJM-MISO JCM Work Plan. RTO Load, LMP and Interchange on July 18th, 2013. PJM neighbors experience capacity shortage and requested PJM assistance.

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Seams Presentation OPSI Annual Meeting Raleigh, NC October 7, 2013

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  1. Seams PresentationOPSI Annual MeetingRaleigh, NCOctober 7, 2013 Stan Williams Director, Compliance & Settlements PJM Interconnection www.pjm.com

  2. PJM-MISO JCM Work Plan www.pjm.com

  3. RTO Load, LMP and Interchange on July 18th, 2013 PJM neighbors experience capacity shortage and requested PJM assistance PJM capacity assistance to neighbors no longer needed. Sharp interchange increase into PJM Average Interchange Increases 64% from HE14 to HE15

  4. NYISO-PJM Interchange Optimization The objective of Coordinated Transaction Scheduling (CTS) is to improve interchange scheduling efficiency • Increase alignment of energy scheduling with interface prices • Adds the option for Market Participants to schedule energy transactions across the NYISO/PJM interface using an interface bid $ NYISO $ $ PJM 33% www.pjm.com

  5. Proposed CTS Implementation Timeline • Implementation • Benefit Assessment Tele-Conference • NYISO and PJM FERC Filing • Final Joint Stakeholder Meeting • Independent NYISO Bidding Platform MP Sandbox Testing • Ramp Solution Implementation • PJM Stakeholder Process • FERC approval • MRC Forward Price Projection Performance Evaluation • Independent PJM Sandbox Testing • NYISO Stakeholder Process • MRC Endorsement Vote for CTS Implementation • PJM Led Stakeholder Effort to Establish Price Performance Expectations www.pjm.com

  6. Future Interchange Optimization Opportunities • Develop an Interchange Optimization solution for the MISO/PJM Seam • Part of the current filed JCM Work Plan • JCM effort underway with completion targeted for May 2014 • Individual stakeholder process expected to continue until November 2014 • Extend Interchange Optimization to non-market Seams • How could this be accomplished? • What time frame should be considered? www.pjm.com

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