PJM creates, fills post to assure economic efficiency of new markets

VALLEY FORGE, Pa., Dec. 9, 2002 — PJM Interconnection has appointed W. Scott Miller III to fill a new position, executive director- market applications, that will guide the development of new markets to ensure that they will be economically efficient and provide the greatest value to all participants.

Miller, a former senior adviser to the Federal Energy Regulatory Commission, also will represent PJM and its markets to various state and local constituencies.

“We’ve repeatedly modified our markets to meet stakeholders’ needs and to ensure fair and efficient operations,” said Kenneth W. Laughlin, vice president of market services for PJM. “As our markets grow into new areas in the Midwest and South and as we add markets for new services, we must continually work to ensure that the markets provide the greatest value for all.

“Scott brings exceptional insight and experience to help PJM maintain this focus,” Laughlin said. “We’re delighted to have him join us.”

Miller has been FERC’s senior advisor on markets in the Office of Markets, Tariffs and Rates. He was responsible for initiatives related to Standard Market Design implementation, wholesale electric market demand response initiatives and liaison with the financial community. Previously, he was FERC’s director of energy markets, overseeing wholesale electric and natural gas markets.

Prior to joining FERC, Miller was director of policy coordination at PG&E National Energy Group. He also held positions in the U.S. government and private industry related to national security and foreign policy.

PJM, the country’s first fully functioning regional transmission organization, operates the world’s largest competitive wholesale electricity market and North America’s largest power grid. The company currently coordinates a pooled generating capacity of more than 71,600 megawatts and operates a wholesale electricity market with more than 200 market buyers, sellers and traders of electricity. PJM has administered more than $9 billion in energy and energy service trades since the regional markets opened in 1997. More than 70 nations have sent delegates to PJM to learn about its market model and the operation of the grid in a region including more than 25 million people in all or parts of Pa., N.J., Md., Del., Ohio, Va., W.Va. and the District of Columbia. Visit PJM at www.pjm.com.

Source: PJM Interconnection, LLC

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