Market Monitoring: Is the Focus Changing? Live Interactive Audio Conference
Market monitors are actively watching over power markets around the land. What are they doing? How are they monitoring markets? That was the topic of discussion at Restructuring Today's July 28 90-minute live audio conference, now available on CD ...
Washington, DC (PRWEB) July 2, 2006 -- Market monitors are actively watching over power markets around the land. What are they doing? How are they monitoring markets? That was the topic of discussion at Restructuring Today's July 28 90-minute live audio conference, now available on CD.
Who will you hear from?
| | - Keith Casey has watched markets for almost a decade at the California ISO. Now he runs the department. Find out what he's doing to protect power users and how he's going about it.
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| | - Parviz Adib has organized and run the Public Utility Commission of Texas' market monitoring department since 2001. Not only is he one of America's veteran monitors from an experience standpoint, he also watches over Texas, one of America's largest markets.
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| | - David Patton is the independent market monitor for the Midwest ISO and an independent advisor for ISO New England, New York ISO and ERCOT. He has unmatched perspective on market monitoring based on his involvement in a number of the nation's critically important markets.
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| | - William Hederman organized and ran for years FERC's own Office of Market Oversight & Investigations. He pioneered the concept at the federal level.
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| | - William Hogan, professor of global energy policy at Harvard University, knows what questions to ask to keep monitors on their toes.
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What will you learn from this panel?
| | - What should be the monitor's role in watching the ISO itself?
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| | - How can stakeholders insure the independence of the monitor?
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| | - Should mitigation measures be prospective or should mitigation come after the fact?
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| | - Does market power mitigation harm resource adequacy or interfere with signals needed for new investment?
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| | - How can you tell the difference between market power and shortages where prices are rising?
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| | - Is market monitoring today a hodge-podge that needs FERC action to develop consistency.
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| | - Meanwhile we'll ask each monitor to describe the state ofcompetition in their areas.
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To hear the full discussion, visit www.restructuringtoday.com/catalog/audiocds/30006105-1.html or call 800-486-8201 (202-298-8201) to order the 90-minute audio CD recording for just $150 -- shipping and handling is free! We'll ship you the recording by UPS Ground (domestic) or USPS Priority (international) within one business day.
Testimonials:
"Good discussion and interaction."
-- Michael Jones, The Energy Authority
"Topic was timely and of strong interest."
-- Liz Jones, TXU Corp System
Meet the speakers
Keith Casey
California ISO Department of Market Monitoring (DMM), director
Casey has worked for the California ISO DMM since December 1997, beginning as a staff economist where he was responsible for developing the ISO's initial market monitoring system and later as manager of analysis and mitigation where he was responsible for assessing the effects of market rules and design features on ISO market performance. He became director of DMM in July 2005.
Parviz Adib
Public Utility Commission of Texas, director of wholesale market oversight
Adib joined the commission in June 1986. He served in various supervisory positions until August 2000 when he was named to create the PUC wholesale market oversight (WMO).
Adib has worked with energy markets for more than 20 years. He and his staff in the wholesale market oversight have played a key role in design of electricity market in ERCOT of Texas. In addition to monitoring market activities they continue to advise the Public Utility Commission of Texas on emerging issues facing the electric industry and market rules that govern the operation of competitive electricity markets in ERCOT.
Previously Adib taught graduate and undergraduate courses at the University of Texas at Austin and worked as a research associate in the bureau of business research at UT.
David Patton
Potomac Economics, president
Patton has more than 15 years of experience as an energy economist. He provides expert advice, analysis and testimony to clients in the electricity and natural gas industries. His areas of expertise include market design and monitoring, merger and other market power analysis, transmission pricing, asset valuation and congestion management.
Patton currently serves as the market advisor for both the New York ISO and ISO New England. In addition, Potomac Economics is the independent market monitor for the Midwest ISO. In these capacities, he advises the ISOs' boards of directors on market issues and monitors the markets to identify and remedy flaws in the market design or attempts to exercise market power.
Patton has provided expert testimony and analysis on competitive issues in a number of electric utility mergers, other antitrust cases and market-based pricing cases before the FERC, state regulatory agencies, the Department of Justice and the Federal Trade Commission.
Prior to consulting, Patton was a senior economist in the office of economic policy at the FERC where he advised the commission on policy issues ranging from transmission pricing and open access to mergers and market power.
William Hederman, Jr
Morgan Lewis Energy Resources Group, executive director
Hederman is the executive director of Morgan Lewis' newly formed Energy Resources Group, an affiliated group performing nonlegal professional services for the firm's Energy Practice Group and its clients.
Prior to joining Morgan Lewis, Hederman was the founding director of FERC's Office of Market Oversight and Investigations. His career has focused on the interconnection between competition and regulation and the economic and financial effects of regulation on markets.
His prior experiences, in both business and government, enable him to offer energy clients unique insights into the development of compliance programs and internal audit procedures that will be closely aligned with their business objectives and that will satisfy FERC's regulatory requirements.
Prior to joining FERC, Hederman spent more than 25 years in the energy business having served as vice president of business development, vice president of strategic initiatives at a leading energy transmission corporation, consultant to the energy and finance industries and as the executive director for an International Energy Agency technology center.
William Hogan
John F Kennedy School of Government, Harvard University, professor of public policy and administration
Hogan is research director of the Harvard Electricity Policy Group (HEPG), which is exploring the issues involved in the transition to a more competitive electricity market. He is director of The Repsol YPF - Harvard Kennedy School Fellows Program for energy policy research.
In addition, he serves as director of graduate studies for the PhD Program in Public Policy and the PhD Program in Political Economy and Government at the Kennedy School of Government. He has also served as chair of the Public Policy Program and as director of the Energy and Environmental Policy Center.
Hogan has been actively engaged in the design and improvement of competitive electricity markets in many regions of the US, as well as around the world, from England to Australia. His activities include designing the market structures and market rules by which regional transmission organizations, in various forms, coordinate bid-based markets for energy, ancillary services and financial transmission rights. This research is also part of the larger activities of the Environment and Natural Resources Policy Program.
He was a member of the faculty of Stanford University where he founded the Energy Modeling Forum (EMF) and is a past president of the International Association for Energy Economics (IAEE).
To hear the full discussion, visit www.restructuringtoday.com/catalog/audiocds/30006105-1.html or call 800-486-8201 (202-298-8201) to order the 90-minute audio CD recording for just $150 -- shipping and handling is free! We'll ship you the recording by UPS Ground (domestic) or USPS Priority (international) within one business day.
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