1. Standards Review Subcommittee Update May – August 2008 August 19, 2008

2. 2 Free Template from www.brainybetty.com 2 Status Met twice –June 5 –July 25 Followed 2008 SRS meeting schedule Utilized SRS Exploder List

3. 3 Free Template from www.brainybetty.com 3 Accomplishments NERC Standards Development Plan 2008 - 2010 –Reviewed the plan and provided comments to NERC - July 31, 2008. 2008 WEQ Annual Plan – 6.f –Review and evaluate whether to cut off or put a size limit on the entities for which the standard apply. Recommended that cut off limit should not be addressed by NAESB. Entities should use the existing request for waiver or exemption established by FERC.

4. 4 Free Template from www.brainybetty.com 4 Accomplishments 2008 WEQ Annual Plan – Provisional Item 5 –Review Market System Back-Up existing language and review of existing back-up language Developed White Paper for EC Review Request for Executive Committee Guidance - No Action is needed and SRS can close books on this item. Requests from other Subcommittees –BPS/ESS/ITS – Review FAC Standards No new standards need to be developed –BPS – Review EOP-002 R4 and R6 Recommended adding an item to the Annual Plan

5. 5 Free Template from www.brainybetty.com 5 Accomplishments Formal Comments on Draft Standards to EC –2008 AP Item 6.d – Ancillary Services Definitions –2008 AP Items 2.a.i.2, 2a.vii.1 – Conditional Firm –2008 AP Items 2a.iv.4, 2.a.vi.4, 2.b.ii.1 – Existing Transmission Commitments –2008 AP Items 2.b.ii.2 – Postbacks and Counterflows

6. 6 Free Template from www.brainybetty.com 6 Ongoing Continue to track NERC Activity through the SRS Review of NERC Activity Report Reviewing NERC/NAESB definitions for consistency where applicable For the subcommittee to accomplish its work, it is going to need continuous industry support.

7. 7 Free Template from www.brainybetty.com 7 Questions/Feedback Are there other activities the subcommittee should be performing?