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Item A-3 AD02-18-000 5/30/02 Commission Meeting

Item A-3 AD02-18-000 5/30/02 Commission Meeting. Staff Presentation on Northeast RTO Developments By Thanh Luong (OMTR) and Steve Rodgers (OMTR). ISONE. -. HQ. Ontario Hydro.

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Item A-3 AD02-18-000 5/30/02 Commission Meeting

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  1. Item A-3 AD02-18-000 5/30/02 Commission Meeting Staff Presentation on Northeast RTO Developments By Thanh Luong (OMTR) and Steve Rodgers (OMTR)

  2. ISONE - HQ Ontario Hydro Hydro Quebec New Brunswick ISO - NE ISONE - NB NYISO - IMO NYISO - ISONE NYISO PJM - FE (ECAR) PJM NYISO - PJM PJM - APS (ECAR) PJM - VAP NYISO- HQ

  3. 2000 & 2001 ACTUAL INTERCHANGE NET RECEIPTS (GWh) New Brunswick Hydro Quebec 11,457 7,843 3,965 3,718 Ontario Hydro 6,8263,432 ISO-NE 2,2551,827 2,386 3,508 NYISO 13,47115,419 9,384 9,553 ECAR PJM 3,4454,249 VACAR 2000 Net Receipts 2001 Net Receipts Sources: NYISO, ISO-NE and PJM

  4. Estimated Transfer Capabilities (MW) New Brunswick 700 Hydro Quebec 2,225 Ontario Hydro 1,500 ISO-NE 2,350 NYISO 1,400 2,150 2,550 2,918 ECAR PJM 3,950 VACAR Sources: NPCC Summer 2001 Multi-Area Probability Assessment and NERC’s 2001 Summer Assessment

  5. Summary • ISO-NE: net import region • Imported from NYISO and Canada • NYISO: net import region • Imported from PJM and Canada; export to ISO-NE • Transfer capabilities from Canada and ISO-NE to NYISO are more than double the capability from PJM • PJM: net import region • Imported from APS, FE, and VAP; export to NY • Transfer capabilities from ECAR and VAP to PJM are more than double the capability from NYISO

  6. Highlights of May 14 Preliminary Cost-Benefit Study of NYISO/ISO-NE • Estimated annual savings of $220 million in 2005 and $150 million in 2010 for New York/New England RTO • Most savings related to elimination of export fees, elimination of seams and standardized markets

  7. Highlights of May 14 Preliminary Cost-Benefit Study of NYISO/ISO-NE (con’t) • New York fares relatively better in a NY/New England RTO, with annual savings of $282 million in 2005 and $147 million in 2010 • New England’s costs increase by $62 million per year in 2005, with $3 million in savings in 2010 • In a 3-way RTO (including PJM), New York has $367 million in annual savings in 2005, while New England’s and PJM’s costs increase

  8. Highlights of May 14 Preliminary Cost-Benefit Study of NYISO/ISO-NE (con’t) • Sensitivity runs show New England benefits increase significantly if fuel prices are higher than projected • Environmental impacts small relative to total emissions

  9. Some Highlights of May 28 FERC/State Commission Panel on the Northeast • Strong consensus among New England commissioners on governance and Board independence issues, general consensus on market monitoring issues, but lack of consensus on proper RTO footprint • General consensus among states that good market rules/SMD and resolution of seams is more important than, and should precede, RTO formation

  10. Some Highlights of May 28 FERC/State Commission Panel on Northeast (con’t) • New England views on governance and Board independence: • RTO/ISO Boards should be completely independent of market participants and draw all their authority from FERC • The Board selection process should be more transparent, with greater accountability to FERC

  11. Some Highlights of May 28 FERC/State Commission Panel on Northeast (con’t) • On market monitoring, general interest among NY and New England commissioners to get more involved in this, and interest in better information sharing among Federal and state regulators • Interest among some New England commissioners to have a regional authority help guide generation and transmission siting

  12. Some Highlights of May 28 FERC/State Commission Panel on Northeast (con’t) • General perception among NY and New England that seams resolution has suffered because of ISOs’ aggressive work on RTO filing • States generally feel that fixing flawed market rules and seams problems should be focus of ISOs ahead of RTO development

  13. Some Highlights of May 28 FERC/State Commission Panel on Northeast (con’t) • Proposed State Solutions: • FERC should relax pressure on ISOs to make an RTO filing, with greater opportunity for state input before any RTO filing is made • Primary focus should be to reach decisions on SMD, resolution of seams issues, and governance, instead of on RTO formation • FERC should require Northeastern ISOs to promptly identify their seams problems, and then hold them accountable through regular progress reports

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