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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: PJMCustomerRelationsandTraining@pjm.com X-To: pjm-customer-info@risc1.pjm.com X-cc: X-bcc: X-Folder: \vkamins\Deleted Items X-Origin: KAMINSKI-V X-FileName: vincent kaminski 1-30-02.pst Message sent from the pjm-customer-info mailing list at pjm-customer-info@majordomo.pjm.com: < PJM, MISO Planning < Joint and Common Wholesale Energy Market < Single energy market would serve more than 42 million < < (Valley Forge, PA and Carmel, IN - January 21, 2002) PJM Interconnection and < the Midwest Independent Transmission System Operator, Inc. (MISO) today < announced that they have executed a "Letter of Intent" to develop a single < wholesale market for electricity producers and consumers in all or parts of 27 < Midwest and mid-Atlantic states, the District of Columbia and the Canadian < province of Manitoba. < < The vision for achieving a single energy market is outlined in the < Letter of Intent, which officials at PJM and MISO discussed with their < respective members and boards last week. < < "This Letter of Intent reflects PJM and MISO's commitment to develop a < single, robust energy market that meets the needs of all customers and < stakeholders in the combined region," said Phillip G. Harris, PJM president < and chief executive officer. "PJM and MISO's intent is to offer an innovative < approach to serve the needs of the public and the individual states and < governmental entities, while benefiting the economies in the regions < encompassed by the market." < < "Working with PJM on a joint and common market design will allow both < regions the opportunity to rapidly realize the benefits of a seamless power < market," said James P. Torgerson, president and chief executive officer of the < MISO, the nation's first FERC-approved regional transmission organization. < < < The Letter of Intent outlines several guiding principles for the creation of a < common energy market, including: < < * The development of the market will be fully consistent with the safe and < reliable operation of the electric power grid, < < * The single energy market will be administered by two separate < organizations with certain functions undertaken jointly and others undertaken < through common processes, < * < * The needs of the states, district and province, individually and < collectively, will be integral to a successful solution, < * < * Appropriate information technology network architectural design will be < established that will provide for growth, redundancy, security and flexibility < for the future, and < < * A commitment to an open process to advise on the development of the < market design by immediately establishing a joint stakeholder market < committee. < < A single market through PJM and MISO's regions would span more than 1 < million square miles including all or portions of: < < * From the Midwest ISO, including TRANSlink and the Southwest Power Pool < (SPP): Montana, North Dakota, South Dakota, Nebraska, Kansas, Minnesota, < Missouri, Iowa, Wisconsin, Illinois, Michigan, Indiana, Kentucky, Ohio, < Virginia, New Mexico, Oklahoma, Arkansas, Wyoming, Louisiana, Texas, < Mississippi and the Canadian province of Manitoba. < < * From PJM and PJM West: Pennsylvania, Maryland, Delaware, New Jersey, < West Virginia, Virginia, Ohio and the District of Columbia. < < MISO's scale of operations, including TRANSlink and SPP: < < * 17.5 million customers served < * 114,000 megawatts of peak load < * 125,000 megawatts of generating capacity < * 118,000 miles of transmission lines < * $12.8 billion in installed assets < < PJM and PJM West's scale of operation include: < < * 25.1 million people served < * 62,445 megawatts of peak load < * 66,072 megawatts of generation capacity < * 13,100 miles of transmission lines < * $6.5 billion in installed assets < * 200 members < * 298,011 gigawatt hours of annual energy < * 614 generation sources with diverse fuel types < * Over $3.4 billion in annual billing < < #### Please DO NOT REPLY to this message. If you have a question for PJM Customer Relations and Training, please complete and submit this form: http://www.pjm.com/contact/questions.html To unsubscribe from this list, send an e-mail to majordomo@majordomo.pjm.com containing only the following line in the body of the e-mail: unsubscribe pjm-customer-info
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