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SEARUC 2003 Annual Meeting Pinehurst, North Carolina June 9, 2003 Pat Wood, III Federal Energy Regulatory Commission.

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Presentation on theme: "SEARUC 2003 Annual Meeting Pinehurst, North Carolina June 9, 2003 Pat Wood, III Federal Energy Regulatory Commission."— Presentation transcript:

1 SEARUC 2003 Annual Meeting Pinehurst, North Carolina June 9, 2003 Pat Wood, III Federal Energy Regulatory Commission

2 FERC Strategic Plan Vision: Dependable, affordable energy through sustained competitive markets Goal No. 1: Infrastructure Adequacy Goal No. 2: Competitive Energy Markets Goal No. 3: Vigilant Market Oversight

3 Goal No. 1: Promote Infrastructure Adequacy Gas Pipelines LNG Storage Facilities Electric Generation Electric Transmission

4 Natural Gas Industry

5

6 Major Interstate Natural Gas Pipelines Source: FERC Staff NIP Map: Please contact FERC’s Public Reference Room if you need a copy. Public Reference Room may be contacted by: at or ; or toll free at

7 Major Pipeline Projects Certificated (MMcf/d) January 2002 to June 2003 Transco (359) Southern (330) Kern River (886) CIG (272,92) North Baja (500) Tuscarora (96) Northwest (162) Kern River (282) Iroquois (70) TETCO (250) Northwest (224) NFS/DTI (150) Georgia Straits (96) 1. Algonquin (285) 2. Islander East (285) 3. Iroquois (85) 4. Columbia (165,270) SCG Pipeline (190) Northwest (175) East Tennessee (510) Tennessee (320) TETCO (197) Greenbrier (600) El Paso (320) WBI (80) 7.1 BCF/D Total 2,192 Miles Source: FERC Staff

8 Major Pipeline Projects Pending (MMcf/d) June BCF/D Total 604 Miles Calypso (832) Maritimes (400) Ocean Express (842) Columbia (135) ANR (220) Texas Eastern (223) Algonquin (200) El Paso (140) Cove Point (445) Cheyenne Plains (560) CIG (118) Source: FERC Staff

9 Major Pipeline Projects On The Horizon (MMcf/d) June 2003 Transco (250) Alabama-Georgia (Duke) (240) Seafarer Pipeline (El Paso) (700) Gulf Pines (Gulf South) (1,000) Blue Atlantic (El Paso) (1,000) Northwinds Pipeline (NFG) (570) Ruby Large (CIG) (750) Samoa Point (Calpine) (1,000) CIG/WIC (1,936) Sun Devil Project(Transwestern) (450) Advantage Pipeline (KM Interstate) (330) Silver Canyon Project (KM Interstate) (750) TransColorado (750) KM West Texas (KM Interstate) (300) Wheatland Expansion (KM Interstate) (80) Desert Crossing (800) Coronado (750) Alaska Gas (4,500) Bison Pipeline (Northern Border) (300) Lebanon Lateral (ANR) (250) North Leg (ANR) (514) Trailblazer (100) 17.3 BCF/D Total 6,574 Miles Source: FERC Staff

10 Existing and Proposed LNG Import Terminals April, 2003 Source: FERC Staff NIP Map: Please contact FERC’s Public Reference Room if you need a copy. Public Reference Room may be contacted by: at or ; or toll free at

11 Storage Projects June 2003, Capacity in Bcf Certificated Since 2001 On The Horizon Currently Pending Source: FERC Staff NIP Map: Please contact FERC’s Public Reference Room if you need a copy. Public Reference Room may be contacted by: at or ; or toll free at

12 Electric Power Industry, including Hydroelectric Power

13 Electric Market Size, 2002 Demand (MW) Capacity (MW) Transmission (Circuit Miles) ECAR99,346122,99516,207 FRCC40,14544,7356,822 MAAC54,18864,0037,031 MAIN56,88870,8426,177 MAPP (US)28,19132,96714,177 NPCC (US)54,67567,9926,463 SERC158,928176,16828,539 SPP41,48347,5917,618 ERCOT57,89876,4827,373 WECC (US)116,852142,88056,838 Source: NERC Reliability Assessment

14 Average Age of Generation Fleet Source: RDI PowerDat Age, in years Duke Energy54, with Hydro 32, without Hydro Entergy40, with Hydro 38, without Hydro Florida Power & Light29, no Hydro Southern Companies44, with Hydro 31, without Hydro

15 Streamlining Generator Interconnection Standard Generation Interconnection Agreements and Procedures –To ensure non-discriminatory access to transmission grid –Reduce costs and time of interconnecting to grid –Separate rulemakings for large and small (<20MW) generation

16 StateHydroelectric Generation Capacity (MW) Percent of Total In-state Electric Generation Capacity Tennessee South Carolina Virginia Arkansas Georgia Alabama North Carolina Kentucky3482 Louisiana1991 Florida470.1 Mississippi30.04 Hydropower in the Southeast Source: EIA, FERC Staff HYDROELECTRIC CAPACITY FACILITY LOCATION NIP Map: Please contact FERC’s Public Reference Room if you need a copy. Public Reference Room may be contacted by: at or ; or toll free at

17 Generation Capacity Built, 1998-Feb Only the new capacity built in the portions of TX, OK, MO & VA in SERC region are shown here. Source: RDI PowerDat; New Gen     

18 Protecting Energy Infrastructure Critical Energy Infrastructure Information Gas Pipeline Emergency Reconstruction Electric Cyber-Security Dam Safety and Inspections Coordination with other federal agencies, NARUC and industry on many other security related issues.

19 Goal No. 2: Foster Competitive Wholesale Energy Markets Advance Competitive Market Institutions –NAESB, NERC: commercial and reliability standards –RTOs and ISOs: –Regional and State Coordination –Regional Transmission Planning

20 2002, Estimates Average Revenue per kWh for All Sectors; US Average 7.21 ¢/kWh Source: EIA; FERC Staff

21 Goal No. 2: Foster Competitive Wholesale Energy Markets Establish Balanced, Self-Enforcing Market Rules –Link Market-Based Rate Authority to Continued Presence of Balanced Market Conditions. –Encourage Standardized Business Rules and Practices

22 Initiatives Toward Balanced, Self- Enforcing Market Rules, (cont’d) Order No. 637 –Implementation initially complete on 90 pipes Pipeline Creditworthiness Standards –Result of credit rating downgrades and concern over defaults by shippers –Proposals involve criteria to prove creditworthiness and stricter requirements for non-creditworthy shippers to receive service –NAESB attempting to develop standards

23 Goal No. 3: Protect Customers and Market Participants Through Vigilant Oversight of Transitioning Energy Markets

24 Office of Market Oversight and Investigations Two Divisions Expert market oversight, analysis Enforcement of law, rules

25 Price Transparency Review of Natural Gas and Electric Price Reporting –Concerns about inaccurate reporting erodes confidence –June 24 conference –Next steps

26 Hot Line Energy Markets “Neighborhood Watch” Established in


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