New York PSC to respond to ISO stay request

Informal talks have taken place between the New York Public Service Commission (PSC) and the New York Independent System Operator (ISO) over the PSC order directing the ISO to provide confidential market information to the PSC staff as part of its investigation into power price volatility in the New York market.

Aug 23rd, 2000


Informal talks have taken place between the New York Public Service Commission (PSC) and the New York Independent System Operator over the PSC order directing the ISO to provide confidential market information to the PSC staff as part of its investigation into power price volatility in the New York market.

"Hopefully, they will respond soon," says New York ISO spokesman Ken Klapp. "It's their order."

A PSC spokesman said the commission's answer would be made public within the "next couple of days." The Aug. 18 PSC order directs the ISO to make information about market design, tariff provisions, operating rules, and market bids available to the PSC as part of its investigation into electricity wholesale and retail price volatility.

The ISO has said it will comply with the order consistent with the ISO code of conduct that governs safekeeping of sensitive information if certain conditions are met. The New York ISO assumed operations for the New York Power Pool and most of New York's wholesale power market in December 1999.

In its original order, the PSC complained implementation problems related to "software and market design as well as possible market power may have contributed to wholesale and retail price volatility. Dramatic, and sometimes inexplicable price fluctuations, have not only harmed customers but impeded the development of retail markets and raised system reliability concerns," it said in the order.

In its response to the PSC, the New York ISO asked for a protective order that will safeguard its confidential information, including market information and proprietary vendor data and software. The ISO also requested clarification of certain aspects of the order, and moved for a stay until affected market participants and vendors have protection or time to seek their own protective orders.

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