pjm energy market

50% approx of midwest generations energy made in illinois plants is sold to the pjm energy market

PJM’s 2008 Annual Report is available. The report was issued in April 2009.

PJM 2008 Annual Report PDF 

PJM 2008 Financial Report PDF 

 

Company Overview

PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia.

PJM’s role as a federally regulated RTO means that it acts independently and impartially in managing the regional transmission system and the wholesale electricity market. PJM ensures the reliability of the largest centrally dispatched grid in North America.

PJM’s members, totaling more than 500, include power generators, transmission owners, electricity distributors, power marketers and large consumers. The company is headquartered in Valley Forge, Pa.

PJM’s Operations
PJM’s staff monitors the high-voltage transmission grid 24 hours a day, seven days a week. PJM keeps the electricity supply and demand in balance by telling power producers how much energy should be generated and by adjusting import and export transactions. 

  • In managing the grid, the company dispatches about 163,500 megawatts (MW) of generating capacity over 56,350 miles of transmission lines. More than 51 million people live in the PJM region.
  • PJM’s experts study hundreds of “what if” scenarios and prepare to deal with virtually any event. Each variable that might affect supply and demand for electricity is carefully considered – from extreme weather conditions, emergency situations and equipment failures to the more easily anticipated cycles of hours, days, weeks and seasons.
  • PJM exercises a broader reliability role than that of a local electric utility. PJM system operators conduct dispatch operations and monitor the status of the grid over a wide area, using an enormous amount of telemetered data from nearly 74,000 points on the grid. This gives PJM a big-picture view of regional conditions and reliability issues, including those in neighboring systems.

PJM’s Market
The company coordinates the continuous buying, selling and delivery of wholesale electricity through robust, open and competitive spot markets. In operating the markets, PJM balances the needs of suppliers, wholesale customers and other market participants and continuously monitors market behavior.

  • PJM’s wholesale electricity market is similar to a stock exchange. It establishes a market price for electricity by matching supply with demand. Online eTools make trading easy for members/customers by enabling them to submit bids and offers and providing them with continuous real-time data.
  • Market participants can follow market fluctuations as they happen and make informed decisions rapidly, responding to high prices and bringing supply resources to the region when demand is high.
  • PJM has administered more than $103 billion in energy and energy-service trades since the regional markets opened in 1997.

PJM’s Planning
PJM manages a sophisticated regional planning process for generation and transmission expansion to ensure the continued reliability of the electric system.

  • PJM is responsible for maintaining the integrity of the regional power grid and for managing changes and additions to the grid to accommodate new generating plants, substations and transmission lines.
  • In addition, PJM analyzes and forecasts the future electricity needs of the region. Its planning process ensures that the growth of the electric system takes place efficiently, in an orderly fashion, and that reliability is maintained.
  • PJM also develops innovative programs, such as demand-response initiatives and efforts to support renewable energy, to help expand supply options and keep prices competitive.

More than 70 nations have sent delegates to PJM to learn about its market model and its operation of the electric grid. PJM has cooperative agreements with several other large international grid operators – Electricité de France, Tokyo Electric Power Co. and North China Grid Co.

 

http://www.pjm.com/markets-and-operations/energy.aspx

 

 

PJM Interconnection is a regional transmission organization (RTO) that coordinates the movement of wholesale electricity in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.

  • Acting as a neutral, independent party, PJM operates a competitive wholesale electricity market and manages the high-voltage electricity grid to ensure reliability for more than 51 million people.
  • PJM’s long-term regional planning process provides a broad, interstate perspective that identifies the most effective and cost-efficient improvements to the grid to ensure reliability and economic benefits on a system wide basis.
  • An independent Board oversees PJM’s activities. Effective governance and a collaborative stakeholder process help PJM achieve its vision: “To be the electric industry leader – today and tomorrow – in reliable operations and efficient wholesale markets.”

 An overview of PJM is available, along with the latest Annual Report. You can contact us to request additional information.

 

 

 

PJM’s Vision: 
To be the electric industry leader – today and tomorrow – in reliable operations, efficient wholesale markets, and infrastructure development.

PJM’s Mission: 

  • As the primary task, to ensure the safety, reliability and security of the bulk electric power system.
  • Create and operate robust, competitive and non-discriminatory electric power markets.
  • Understand customer needs and deliver valued service to meet those needs in a cost-efficient manner.
  • Achieve productivity through the efficient union of superior knowledge workers and technology advances.

 

 

 

BOARD OF DIRECTORS

 

The 10 members of the PJM Board are responsible for maintaining PJM’s independence and, by exercising their prudent business judgment, ensuring that PJM fulfills its business obligations and legal and regulatory requirements.

The Board also is responsible for ensuring that PJM maintains the reliability of the power grid and operates a robust, competitive and non-discriminatory electric power market, preventing any market participants from having undue influence over the operation of PJM.

To establish PJM’s neutrality, Board members must adhere to a strict Code of Conduct (PDF).

The members of the PJM Board may have no personal affiliation or ongoing professional relationship with, or any financial stake in, any PJM market participant. 

In addition, all communication received by the PJM Board are handled in accordance with the rules relating to “ex parte” communications as outlined in the Code of Conduct. Written communication to members of the PJM Board are reviewed by an appointed staff liaison to the Board to ensure prompt disclosure of any “ex parte” communication in accordance with the Code of Conduct. 

Brief profiles of the 10 members of the PJM Board and their contact information follow:

Howard Schneider Howard Schneider
Chair, PJM Board;
Chair, Governance Committee;
Member, Regulatory Committee
Contact Howard Schneider
Phone: 610-666-2232 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: schneider@pjm.com

 

Mr. Schneider is General Counsel at MF Global, a futures commission merchant that acts as executing and clearing broker on all major commodity exchanges. He was formerly a partner at Katten Muchin Rosenman where he concentrated on the practice of futures/derivatives, securities and corporate law. He is the former chair of the American Bar Association Committee on Regulation of Futures and Derivative Instruments. He served as the first General Counsel of the Commodity Futures Trading Commission from 1975 to 1977.

 

Lynn Eury Lynn W. Eury
Vice Chair, PJM Board;
Member, Regulatory Committee
Contact Lynn W. Eury
Phone: 610-666-2207 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: eury@pjm.com

 

Mr. Eury worked for Carolina Power & Light Company (CP&L) for thirty-five years in a wide variety of engineering and operating assignments. He was elected executive vice president in 1989 with responsibility for all of the company’s generation and transmission facilities. He also served as a member of the company’s board of directors. Mr. Eury retired from CP&L in 1994 and has since served as an engineering and management consultant.

 

 

Ake Almgrem Ake Almgren, Ph.D. 
Chair, Reliability Committee;
Member, Human Resources and Governance Committees
Contact Ake Almgren
Phone: 610-666-2202 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: almgren@pjm.com

 

For more than 20 years, Dr. Almgren has led business entities providing electric equipment and systems. He retired in 2003 as president and CEO of Capstone Turbine Corp. and now heads his own consulting company, Orkas Inc., which is focused on new energy technologies. Dr. Almgren was president of several ABB subsidiaries involved in power transmission and distribution worldwide.

 

John Coughlin John T. Coughlin, J.D.
Chair, Regulatory Committee;
Member, Competitive Markets Committee
Contact John T. Coughlin, J.D.
Phone: 610-666-2205 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: coughlin@pjm.com

 

Mr. Coughlin is an attorney and a professional mediator and arbitrator of electric utility industry disputes and labor relations conflicts. Previously, he was a commissioner on the Wisconsin Public Service Commission, was the National Association of Regulatory Utility Commissioners’ representative to the North American Electric Reliability Council and was the president of the Mid-America Regulatory Conference. He also served as Wisconsin’s secretary of labor. He is beginning his seventh year on the board of the Western Electricity Coordinating Council.

 

Neel Foster John McNeely Foster
Chair, Audit Committee;
Member, Finance and Competitive Markets Committees
Contact John McNeely Foster
Phone: 610-666-2211 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: foster@pjm.com

 

Mr. Foster is a former member of the Financial Accounting Standards Board, the standards-setting body for financial accounting and reporting, on which he served for 10 years. A certified public accountant, he previously was vice president, treasurer and principal accounting officer of the former Compaq Computer Corp. and senior audit manager with PricewaterhouseCoopers LLP (formerly Price Waterhouse & Co.).

 

 

Jean Kinsey Jean D. Kinsey, Ph.D.
Chair, Competitive Markets Committee;
Member, Audit Committee
Contact Jean D. Kinsey
Phone: 610-666-2216 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: kinsey@pjm.com

 

Since 1976, Dr. Kinsey has been a faculty member in the Department of Applied Economics at the University of Minnesota where she is director of The Food Industry Center. From 1996 to 1997, she chaired the board of the Federal Reserve Bank of Minneapolis. Dr. Kinsey is both a past president and a distinguished fellow of the American Council on Consumer Interests and of the American Agricultural Economics Association.

 

 

Richard Lahey Richard T. Lahey, Jr., Ph.D.
Member, Human Resources, Reliability, Finance Committees
Contact Richard T. Lahey, Jr.
Phone: 610-666-2218 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: lahey@pjm.com

 

Dr. Lahey is currently the Edward E. Hood Professor of Engineering and was formerly the Dean of Engineering at Rensselaer Polytechnic Institute. Prior to joining the Rensselaer faculty and administration, he held numerous technical and managerial positions with the General Electric Co. He is a member of the National Academy of Engineering (NAE) and is an international authority on nuclear reactor safety technology. He has more than 45 years of industrial/academic experience in the application of advanced technology to practical problems.

 

Mayben William R. Mayben 
Member, Audit and Reliability Committees
Contact William R. Mayben
Phone: 610-666-2228 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: mayben@pjm.com

 

Mr. Mayben served as president and chief executive officer of the Nebraska Public Power District from 1995 to 2002. Since then, he has acted as a management consultant to the public sector of the electricity industry. He spent more than 30 years at R. W. Beck & Associates, a national engineering and management consulting firm, retiring as managing partner and CEO in 1994. He has served on the board of directors and executive committee of the American Public Power Association and the board of the Nuclear Energy Institute.

 

 

Susan Riley Susan J. Riley
Chair, Human Resources Committee;
Member, Competitive Markets and Governance Committees
Contact Susan J. Riley
Phone: 610-666-2231 
PJM Interconnection 
PO Box 1525 
Southeastern, PA 19399-1525 
E-mail: riley@pjm.com

 

Ms. Riley is currently the Executive Vice President of Finance and Administration of The Children’s Place. Previously she served as senior vice president and CFO for Abercrombie & Fitch Company, senior vice president and CFO for Mount Sinai Medical Center of New York, vice president and treasurer for Colgate-Palmolive Company and executive vice president, CFO for Dial Corporation and senior vice president and CFO and chief information officer for Tambrands, Inc. She is a certified public accountant.

 

 

Terry Boston W. Terry Boston
President and CEO, PJM Interconnection
Contact W. Terry Boston
PJM Interconnection 
955 Jefferson Avenue 
Norristown, PA 19403-2497 
Phone: 610-666-4773 
E-mail: boston@pjm.com

 

Mr. Boston joined PJM in February 2008 after more than 35 years of service with the Tennessee Valley Authority, most recently as executive vice president of power system operations. Mr. Boston is a member of the Power Delivery & Utilization Council’s executive committee of the Electric Power Research Institute. He served for three years as chairman of the SERC Reliability Corp.’s board and executive committee. He has served for six years on the North American Electric Reliability Corp.’s (NERC) Engineering Committee and Transmission Task Force and is a member of the NERC Board/Stakeholders Committee.

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