Former regulator joins PJM


VALLEY FORGE, Pa., Nov. 7, 2002 — Richard Mathias, the former chair of the Illinois Commerce Commission (ICC), has joined PJM Interconnection to assist it in meeting the needs of Midwest states through a new PJM office to be located in Chicago.

Mathias will serve as the local PJM liaison with Midwest policymakers. He will listen to customers, state government officials and other stakeholders and make recommendations to PJM so that it can meet their needs.

“PJM’s Chicago office will provide a local presence in the region,” said Craig Glazer, vice president – governmental policy for PJM. “As our market grows into the Midwest, we are delighted to have the assistance of a recognized professional like Rich Mathias both to represent us and advise us of the unique needs of the Midwest. He brings many years of distinguished service, credibility, an independent view and a sound understanding of Midwest electric markets.”

Mathias will focus on the states of Illinois, Indiana, Kentucky, Michigan, Ohio and Tennessee.

American Electric Power, Commonwealth Edison and The Dayton Power & Light Company, which operate in those states, have signed agreements to join PJM. They will be fully integrated into PJM next year. PJM will operate their electric transmission systems, provide open access to the system and administer a transparent market for wholesale electricity.

Mathias chaired the ICC from 1998 through September 2002 and led the commission during the implementation of the 1997 Illinois electric restructuring law. Prior to his appointment as ICC chair, he was a senior executive with various financial services companies. Earlier, he served as director of the Illinois Department of Insurance and was deputy legal counsel to former Illinois Gov. Richard Ogilvie. He will not be a party to any proceedings before the ICC for at least one year.

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, NJ, MD, DE, OH, VA, WV and the District of Columbia.

With the April 1, 2002, addition of PJM West, for the first time nationally two separate control areas now operate under a single energy market and a single governance structure across multiple North American Electric Reliability Councils. Visit PJM at www.pjm.com.

Source: PJM Interconnection, LLC

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