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Group,
Please note, the congestion management market is still $0-$250. Please take into account RT price volatility when placing congestion bids, see me with any questions regarding congestion management. Bill ---------------------- Forwarded by Bill Williams III/PDX/ECT on 01/02/2001 09:50 AM --------------------------- CRCommunications <CRCommunications@caiso.com< on 12/29/2000 01:14:53 PM To: ISO Market Participants <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI CIPANTS@caiso.com< cc: Subject: Price Caps Notice To Market Participants For trade date Monday, January 1, 2001 (DA market that runs on December 31, 2000) the following price cap validation changes will be implemented: * Supplemental and A/S Energy: Soft price cap with a breakpoint at $150. Bids above $150 will be accepted but will not be allowed to set the clearing price. * A/S Capacity: Soft price cap with a breakpoint at $150. Bids above $150 will be accepted but will not be allowed to set the clearing price. * Congestion Management Adjustment Bids: Status quo will be maintained with respect to congestion management adjustment bids. The adjustment bid range will be from $0 to $250. Mark Rothleder Manager of Market Applications
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