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Enron Mail |
CC list suppressed...
Entergy just made the following release at http://www.entergy.com Date: 11/20/01 For Release: Immediate Contact: Morgan Stewart (504) 576-4238 mstewa3@entergy.com Group Developing "SeTrans RTO" Files Status Report at FERC; Entergy Joins SeTrans Process New Orleans, La. - The Entergy Operating Companies have joined in the effort to develop the proposed Southeast RTO, SeTrans. Today, the group of transmission systems developing the SeTrans RTO filed a status report with the Federal Energy Regulatory Commission (FERC) to update it on the progress of the RTO formation and to advise it that Entergy has joined the group of companies forming the RTO. The companies proposing to form the SeTrans RTO are Entergy, Southern Company, City of Dalton Utilities, MEAG Power, South Mississippi Electric Power Association, City of Tallahassee, JEA, Santee Cooper, and the Georgia Transmission Corporation. The proposed RTO, named SeTrans Grid Company, was recently expanded to include Entergy as a participating transmission owner. Once it becomes operational, SeTrans will be one of the nation's largest RTOs with more than 73,000 MW's of generation, 51,000 miles of transmission, representing a transmission investment in excess of $9 billion. This filing is the latest step in a process that began in June when owners of transmission systems across Alabama, Florida, Georgia, Mississippi and South Carolina signed a memorandum of understanding to form an RTO for the Southeast. While the filing today will outline the initial proposed structure of the RTO, Entergy intends to work with the Arkansas Public Service Commission, the Louisiana Public Service Commission, the Mississippi Public Service Commission, the New Orleans City Council, and the Public Utilities Commission of Texas and the operating companies' other retail regulators to address concerns that they may have with the proposed RTO. "We believe that the SeTrans model, as it has evolved, is the best platform to achieve the mutual goals of the various involved companies. The structure of the SeTrans RTO partnership will be of significant size and scope. The SeTrans RTO structure is consistent with the structure that Entergy was pursuing with the Southwest Power Pool, but in a region that is more reflective of our actual market activity," said Frank Gallaher, president fossil operations and transmission for Entergy. The structure chosen by the participating transmission owners will involve hiring a proven independent operator for the transmission system. The agreements between the operator and transmission owners will provide incentives to the operator to maintain or enhance reliability, minimize the cost of the operation of the system and enhance the efficient use of the system. A detailed description of the proposed governance structure of SeTrans, the proposed role of stakeholders in the selection of the independent third party operator, and the ongoing role of the Stakeholder Advisory Committee are all described in today's filing. Beginning in June, the City of Dalton (Ga.) Utilities, City of Tallahassee (Fla.) Georgia Transmission Corporation, JEA -- Jacksonville (Fla.), the Municipal Electric Authority of Georgia; Santee Cooper (S.C.), Southern Company and South Mississippi Electric Power Association have been working on the formation of a regional transmission organization for the Southeastern United States. SeTrans will hold a "Stakeholder Meeting" in Mid-January, 2002, in Atlanta, Georgia to establish a stakeholder advisory committee. Details on the meeting's registration process, agenda and map to the meeting will be posted on the SeTrans web site, www.setransgrid.com. Entergy Corporation, with annual revenues of more than $10 billion, is a major global energy company engaged in power production, distribution operations, and related diversified services, with more than 15,000 employees. Entergy owns, manages, or invests in power plants generating more than 30,000 megawatts of electricity domestically and internationally, and delivers electricity to about 2.6 million customers in portions of Arkansas, Louisiana, Mississippi, and Texas. Through Entergy-Koch, L.P., it is also a leading provider of wholesale energy marketing and trading services.[PARA]-30-[PARA]Entergy's online address is www.entergy.com[PARA] [PARA] Back to List[PARA]© 2000 - 2001, Entergy Corporation, All Rights Reserved.
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