2010-11534. Credit Reforms in Organized Wholesale Electric Markets; Notice of Agenda for Technical Conference

May 5, 2010.

As announced in the Notice of Technical Conference issued on April 15, 2010, Commission staff will hold a technical conference on May 11, 2010. The purpose of this conference is to discuss the proposal in the Credit Reforms in Organized Wholesale Electric Markets Notice of Proposed Rulemaking^[1] regarding whether Independent System Operator (ISO)/Regional Transmission Operators (RTOs) should adopt certain tariff revisions to clarify their status as a party to each transaction so as to eliminate ambiguity regarding their ability to “set-off” market obligations and whether this proposal will have additional ramifications. The conference will be held from 9 a.m. to 12:30 p.m. (EDT), in the Commission Meeting Room at the Federal Energy Regulatory Commission, 888 First Street, NE., Washington, DC. All interested persons are invited to attend, and registration is not required.

The agenda is attached. There will be two panels. The first panel will discuss the issue from the perspective of the ISO/RTO as market administrator but will also include the perspective of regulatory oversight in related markets. The second panel will discuss the issue from both a market participant perspective and a legal perspective.

As previously announced, a free webcast of this event will be available. Anyone with internet access who desires to view this event can do so by navigating http://www.ferc.gov's Calendar of Events and locating this event in the Calendar. The event will contain a link to its webcast. The Capitol Connection provides technical support for the webcasts and offers the option of listening to the meeting by a phone-bridge for a fee. If you have any questions, visit http://www.CapitolConnection.org or call 703-993-3100.

This conference will be transcribed. Transcripts of the meeting will be available immediately for a fee from Ace Reporting Company (202-347-3700 or 1-800-336-6646). Commission conferences are accessible under section 508 of the Rehabilitation Act of 1973. For accessibility accommodations, please send an e-mail to [e-mail] or call 1-866-208-3372 (voice) or 202-208-1659 (TTY), or send a fax to 202-208-2106 with required accommodations.

For more information, please contact Sarah McKinley, 202-502-8368, [e-mail], for logistical issues, and Scott Miller, 202-502-8456, [e-mail], or Christina Hayes 202-502-6194, [e-mail], for other concerns.

Kimberly D. Bose,

Secretary.

Notice of Proposed Rulemaking on Credit Reforms in Organized Electric Markets May 11, 2010 Commission Meeting Room

Agenda

9-9:05 a.m.: Welcome and Administrative Details by Commission Staff.

9:05-10:35 a.m.: Panel I Market Administrator Perspective.

Panelists

Vincent Duane, General Counsel and Vice President, PJM Interconnection, L.L.C.;

Michael Holstein, Chief Financial Officer, Midwest Independent Transmission System Operator, Inc.;

Daniel J. Shonkwiler, Senior Counsel, California Independent System Operator Corporation;

Ananda K. Radhakrishnan, Director, Division of Clearing and Intermediary Oversight, Commodity Futures Trading Commission.

10:35-11 a.m.: Break.

11-12:30 p.m.: Panel II Market and Legal Perspectives.

Panelists

Alex Catto, Kirkland & Ellis LLP, on behalf of the Committee of Chief Risk Officers;

Harold S. Novikoff, Wachtell, Lipton, Rosen & Katz;

Stephen J. Dutton, Barnes & Thornburg;

Todd Brickhouse, Vice President—Treasurer, Old Dominion Electric Cooperative.

Footnotes

1.  Credit Reforms in Organized Wholesale Electric Markets, 130 FERC ¶ 61,055 (2010).