PECO Energy Co. has filed its "Open Market Plan" at the Federal Energy Regulatory Commission (FERC) for restructuring the Pennsylvania-New Jersey-Maryland (PJM) power pool. PECO is the only member not joining a majority PJM restructuring order filed July 24 with the FERC.
The plan proposes an independent system operator (ISO) and electric transmission service priced on a regional, postage-stamp basis. The wholesale market would be based on bilateral transactions, with a residual pool for hourly energy. The governing process would be open to all market participants.
PECO filed a concurrent intervention and protest against the majority plan, asking the FERC to summarily reject it or hold hearings. According to Alvin J. Weigand, PECO senior vice president for bulk power enterprises, the Open Market Plan is superior because it:
s Removes barriers to bilateral transactions
s Establishes a single transmission rate
s Creates a completely independent ISO. t
Story items by Lori A. Burkhart, an associate legal editor of PUBLIC UTILITIES FORTNIGHTLY.
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