Standards Review Subcommittee Update

1
Standards Review Subcommittee Update

• February 3, 2009

2
Standards Review Subcommittee

• Met December 3rd and January 13th
• Conducting more in-depth review of NERC standards
  under development
• Reviewed recommendation 2008 AP Item 5.a Demand
  Response Measurement and Verification
• Determined not to submit additional standards
  request for backup systems
• 2009 moved to monthly calls

3
Annual Plan Item 2009

• Scoping of Annual Plan Item 6.f
• Synchronize Bidding Credit Requirements for FTR,
  TCC and CRR (R08025)
• Posting of collateral is an important issue for
  financial marketers. Most financial marketers
  and smaller entities are required to post cash
  for FTR transactions, while most utilities post
  unsecured credit. Therefore, the timing for
  posting collateral is especially crucial to
  financial marketers. There are two posting
  periods for FTRs
• The Bidding Requirement Credit must be posted
  with FTR bids and these monies are held until
  bids are cleared
• The Holding Requirement After bids are cleared
  and FTRs awarded, collateral is required for the
  amount of time the FTR is active

4
Ongoing Activities

• Review of NERC Activities
• Assess NERC projects, SARs, and Interpretations
  to determine if potential for NAESB complementary
  standards
• Recommend detail assessments by appropriate
  subcommittee/working group, based on assessment
  of projects
• Review of standards posted for formal comments
• Annual review of NERCs Reliability Standards
  Development Plan

5
Feedback from the SRS

• Request additional participation in SRS meetings
• Request active participation in SRS meetings