Posted on 05/28/2002 12:58:08 PM PDT by Robert357
In sheaves of responses to the Federal Energy Regulatory Commission's request for details of trading strategies, nearly all power sellers denied doing anything like Enron-style market manipulations. However, some said they made questionable moves in response to requests from the California Independent System Operator. (free portion ends here..)
Cal-ISO is increasingly taking criticism for allegedly manipulating itw own market for the sake of ensuring reliability.......
In several instances, companies told FERC they did not exactly follow the rules, but their actions were due to Cal_ISO requests. ?On some occasions during the relevant period, [we] scheduled small amounts of excess load to Cal_ISO-assigned, load designations delivery points,? Reliant noted. Also, on 31 days, Cal-ISO-assigned Reliant load to delivery points ?where no physical meter or load actually existed.? The points were used as a scheduling tool to ?sink imports and purchased power so that the associated energy would be available in California.? This reduced prices.
Mirant noted that ?with the knowledge and support of Cal-ISO,? it scheduled load, although there was no load to be had to make up for utility underscheduling.
Duke said it engaged in congestion relief at the behest of Cal-ISO in June 1999. Although Duke said it had no bids on file, Cal-ISO allegedly requested it to submit adjustment bids for use in managing Path 26 congestion.
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