Serving the energy industry for over 30 years
By - Jon Brown

ISO Market Settlements Summit
Data Management, Reporting and Technology Best Practices
November 18-19, 2019 | Nashville, TN

Download PDF
 

Overview

As wholesale market and bilateral power transactions mushroom to reflect increasing grid operations sophistication and complexity, load serving entities (LSEs) market participants and system operators confront myriad challenges in settling the related transactions.  These include the need to:

  • Improve data management through continual technology upgrades
  • Maximize accuracy to avoid the need for costly resettlements
  • Promote accelerated settlements timelines
  • Adjust to changing power industry technologies and practices
  • Accommodate challenges related to the proliferation of settlement increments

This conference moves beyond simply cataloguing these challenges and considers real-world solutions currently being employed to manage them and improve transactional efficiency and reliability.  It provides a comprehensive survey of how transmission organizations and system operators across North America are engineering their settlements design to accurately reflect system operations.  And the Settlements Summit offers insights into how load serving entities (LSEs) and market participants are refining their own settlement systems and processes to ensure efficiencies and market performance. 

Learning Outcomes

Attendees will hear presentations and engage in discussions that will allow them to:

  • Examine the leading settlement issues from ISO/RTO staff perspectives
  • Apply settlement analysis to drive profits and improve operations
  • Evaluate optimum methods for accelerating settlement timelines
  • Assess process adjustments related to sub-hourly/5 min settlements
  • Discuss market structure designs to accommodate distributed generation and related settlement implications
  • Assess the relationship between shifts in operational practices (e.g., energy storage, demand response and increasing renewable energy penetrations) and corresponding settlement requirements
  • Evaluate methodologies, challenges and resource allocation decisions associated with closing market participants’ monthly “financial book”
  • Discuss methods for optimizing the statement validation and disputing process
  • Identify challenges, lessons learned and best practices of market participation shadowing of ISO/RTO settlements

Credits

AP_Logo

EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).  In obtaining this accreditation, EUCI has demonstrated that it  complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.

EUCI is authorized by IACET to offer 1.1 CEUs for this conference, 0.3 CEUs for the pre-conference workshop and 0.7 CEUs for the post conference workshop.

 

Instructional Methods

PowerPoint presentations and case studies will be used in program.

Requirements For Successful Completion Of Program

Participants must sign in/out each day and be in attendance for the entirety of the conference to be eligible for continuing education credit.

Agenda

Monday, November 18, 2019

12:30 – 1:00 p.m. :: Registration

1:00 – 1:15 p.m. :: Program Overview


1:15 – 3:00 p.m. :: Considering ISO Settlement Depts’ Current and Up-and-Coming Changes and Challenges

  • FERC orders
  • DOE initiatives and policy
  • ISO-specific market measures
  • Technology refresh

Jeremy Malekos, Manager – Market Settlements Design & Configuration and Indu Nambiar, Senior Advisor – IT Architecture, California ISO (CAISO)

Shannon Carey, Director – Market Analysis and Settlements, ISO New England (ISO-NE)

Christopher Russell, Manager – Customer Settlements, New York ISO (NYISO)

Ray Fernandez III, Manager – Market Settlements Development, PJM Interconnection

Chris Delk, Manager – Market Settlements, Midcontinent ISO (MISO)

Brent Wilcox, Manager –  Settlements, Southwest Power Pool (SPP)

3:00 – 3:15 p.m. :: Afternoon Break


3:15 – 5:15 p.m. :: ISO Settlement Data Management & Technology Issues

  • Customer data dissemination and file formats
  • Web interfaces
  • Reports
    • Publicly available
    • Proprietary
  • Data warehouses
  • File types and technologies
  • Future planning and system updates
  • Data storage and access
  • Cloud access and management
  • Business intelligence
  • Automated data delivery
  • Software build, development and system upgrade/replacement

Panel Moderator:  Dan Lobue, President, Competitive Energy Consulting

5:15 – 6:15 p.m. :: Networking Reception


Tuesday, November 19, 2019

7:30 – 8:00 a.m. :: Continental Breakfast


8:00 – 9:15 a.m. :: Smart Integration – Combining Technology, Best Practices, and Simplicity to Achieve Impactful Results

  • Case Study – Black Hills Power Bilateral Market Systems
    • Background
    • Infrastructure overview
  • Integration Approach
    • Surveying the landscape
    • Discovering requirements
    • Technical methods
    • Ensuring internal client satisfaction
  • Settlements and Reporting Implementation
    • Options for standardizing 
    • Developing new processes
    • Moving out of Excel

Christopher Sisemore, Custom Software Manager, Hartigen

Rod Cody, Software Development Analyst II, Black Hills Energy

Mike Canto, Settlements Specialist, Hartigen


9:15 – 10:15 a.m. :: Settlement Challenges to Accommodate Data Management Relating to the Changing Power Environment and Market Externalities

Market participants and utilities with operations in New York, New England, the Atlantic Seaboard and California are increasingly confronting changes in the grid and resource mandates imposed by states and other non-market jurisdictions.  How can market participants deploy their settlement processes to account for these externalities:

  • Renewables
  • Carbon pricing
  • RECs and ZECs
  • Flexibility resources
  • Storage
  • Distributed energy resources (DERs)
  • Aggregated retail customers (ARC)

Bill Olson, Manager – Market Operations Accounting, Xcel Energy

Representative, New York Power Authority (NYPA) invited

Alishan Mansourian, Senior Manager – Energy Settlements & ISO Market Analytics, Southern California Edison (SCE)

10:15 – 10:30 a.m. :: Morning Break


10:30 – 11:30 a.m. :: Documenting In-House Data Management and Technology Practices

Three market participants share their approach to documenting their organization’s settlement processes and practices for ensuring operational accuracy, smooth internal flow and training development:

  • “A day in the life of a MW”
  • Self-interviews on Skype
  • Compiling usable organizational BMPs

Maura Royston, Energy Accounting Process Supervisor, We Energies 

Michael Schulz, Energy Services Analyst, Big Rivers Electric Corp

Brian Helms Jr, Power Systems Analyst, Alcoa


11:30 a.m. – 12:30 p.m. :: The Application of Robotics Process & Automation (RPA) to Settlements

Many business units are implementing an emerging technology practice called robotic process automation (RPA) to streamline enterprise operations and reduce costs. With RPA, businesses can automate mundane rules-based business processes, enabling business users to devote more time to serving customers or other higher-value work.  That’s exactly what Entergy has done to improve its accuracy, efficiency and timeliness for settling gas commitments at month’s end, when the settlements process kicks into gear.  This segment will detail what the utility has done to implement RPA and what is “in the cards” going forward, especially with respect to its role in power settlements.

Ryan Gay, Supervisor – Settlements, Entergy Services

Andrew Dornier, Manager – Energy Analysis & Reporting, Entergy Services

12:30 – 1:30 p.m. :: Group Luncheon


1:30 – 2:45 p.m. :: Mastering the SPP Settlement System Replacement Project (SSRP)

In early 2020, Southwest Power Pool (SPP) plans to replace its current market settlement and transmission settlement systems with a single, high performance, and scalable settlements platform.  The project, called SPP Settlement System Replacement Project (SSRP), will have a major impact on all SPP market participants in 4 areas — 1) market settlements 2) submission of bilateral settlement schedules 3) Submission of meter data 4) transmission settlements.  This panel will summarize SSRP goals, review implementation and market-trial schedule, and discuss potential impacts of the new system on both market and transmission settlements, with special attention to: 

  • Main objectives
  • Review implementation and market-trial schedule
  • Impacts on meter data management, market settlements and transmission settlements
  • Implementation costs and benefits

Moderator:  Khai Le, Senior Vice President, Power Costs Inc (PCI)

Steve White, Senior Settlements Analyst, Southwest Power Pool (SPP)

Ron Chartier, Manager – Market Operations & Billing, Sunflower Electric Power Corp (SEPC)


2:45 – 3:30 p.m. :: Integrating Multiple Technology Platforms Seamlessly

This segment will examine how one market participant has worked with multiple vendors and enterprise platforms to create a settlements system that delivers these critical functionalities more or less seamlessly:

  • Data extraction and system reporting
  • Analytics
  • Formulating what-if analyses to “vet” the following outcomes
    • Develop and modify Front Office strategies
    • Advise re: operations changes
    • Provide management guidance
    • Provide feedback to the market operator

Gita Razavi, Senior CAISO Settlements Analyst, Southern California Edison (SCE)

3:30 – 3:45 p.m. :: Afternoon Break


3:45 – 5:00 p.m. :: Settlement Analysis of Plant Performance and Portfolio P&L in ISO/EIM Markets

  • The need for reviewing multiple operational data sources simultaneously
    • ISO — awards, dispatches, LMPS, outages, settlement charge codes, etc.
    • Non-ISO — internal meter, forecasts, temperatures, etc.
  • Need the ability to review from a portfolio level from the day and drill-down into an individual generator at the 5-minute level
  • Using operational data to support the ISO/EIM dispute analysis process
  • Did my plant make money or lose money in the ISO/EIM market?

David Dan, President and CEO, Power Settlements Inc

5:00 p.m. :: Program Adjournment 

Workshops

Pre-Conference Workshop

Post Conference Workshop


Fundamentals of ISO Settlements Structures And Systems

Monday, November 18, 2019

Overview

Settlements’ primary function is to ensure all power purchases and sales are correctly reconciled to the terms, agreements and Tariffs, and that any discrepancies are properly investigated and disputed.  A secondary function of settlements is to provide feedback on the financial implication of power transactions to the Front Office, and to report on the financial performance of transactions to various Back Office departments. 

But, not all settlements are created equal.  Unlike bilateral, transmission and PPA power settlement transactions, RTO/ISO market settlements are very complex.  Not only are there many different products/services (such as physical power, ancillary services and financial hedge instruments), but there are also multiple and different markets (Day-Ahead market vs. Real-Time market, and FTR). Those complexities in RTO/ISO market operations result in settlement charge types from approximately 60 in some wholesale market systems to more than 200 in others.

This workshop will present a high-level workflow of RTO/ISO market operations from the beginning to the end. It will focus on generation and load, which together covers 80% market activities.  Illustrations from various RTOs will be employed.

Learning Outcomes

  • Examine power markets design and processes
  • Explain LMP methodology
  • Compare basic charge types across ISOs
  • Assess why there are different terms for similar market/settlement functions
  • Examine market participant actions
  • Identify shadow settlement purposes and functions

Agenda

7:45 – 8:15 a.m. :: Registration and Continental Breakfast


8:15 – 10:00 a.m. :: RTO/ISO Market Overview

  • Why and how
  • Functions
  • Products/services
  • Settlements

Market Participant Actions

  • Asset bid strategy development
  • Bid/offer price formation
  • Bid submission

RTO/ISO Market Actions

  • Products/services
    • Co-optimized clearing in Day-Ahead market
    • dispatching in Real-Time market
  • Market Settlements

10:00 – 10:15 a.m. :: Morning Break


10:15 – 11:45 a.m. :: After-the-Fact Shadow Settlements

  • Mapping between settlement charge types and market results/transactions
  • Mapping between settlement charge types and market and charge type calculations, dispute

Feedback to Front Office

  • Asset P&L analysis and reporting
  • Operation recommendations to
    • reduce market penalties…
    • increase asset margin
    • reduce cost

11:45 a.m. :: Workshop Adjourns

Instructor

Henry Chu, Senior Staff Analyst – RTO Settlements & Analysis, Entergy Services

Henry Chu has more than 25 years of experience in the utility/energy industry, with a majority of that time in settlements.  He started at BC Hydro and its marketing arm POWEREX.  While there, he recovered more than $5 million in disputes with CAISO.  In 2003, he joined the Midcontinent ISO (MISO) where he worked in various positions, formalizing the market settlement training at the system operator and providing a series of market settlement training during the 2013/2014 integration of four Southern States into MISO.  For the last five years, he has worked at Entergy where he continues to apply his market and settlement expertise as well as in-house training.  


Selecting the Best Technical Solution and Vendor for Your Settlements Functions

Wednesday, November 20, 2019

As the energy and commodity markets mushroom in their sophistication, software solutions become increasingly critical to an energy company’s operating success.  Tightening margins require technical solutions that can lower market cost, reduce risk and increase profitability.  Systems and applications must evolve to meet the ever-increasing demands of users and markets. Most legacy systems — including many longstanding market leaders — were engineered so that the business had to fit the system, rather than the system fitting the business.  Consequently, they are not flexible enough to be configured to suit current or evolving business practices and reporting requirements.  Instead, they are often inefficient and out of date, moreover the original solution architects are either no longer available or willing to maintain an archaic or insufficient system. For any or all these reasons energy companies find it necessary to investigate, choose, implement, and maintain a third-party software —often, even multiple — solution(s) with complex and broad-reaching impacts across their organization.

This workshop offers an unprecedented opportunity for entities — both looking to acquire and implement their first settlement system as well as those looking to replace an existing settlement system — to receive an overview of the technical expectations and best technical solutions available today for market participation. It will review what to look for in a software solution, and how to assemble a truly effective software acquisition program.  Software vendors will be present to demonstrate their solutions for the major required settlement-related functions such as generation, virtual and third-party transactions, invoicing and reporting.

Learning Outcomes

  • Discuss methods of how organizations can maintain control of procurements and techniques to take the sales out of the process
  • Describe how to identify and get the system that best fits a market participant’s business requirements
  • Determine if a vendor’s solution will meet the organization’s business requirements or if those business requirements will have to fit the vendor’s solution
  • Explain how to take emotion out of the selection process and use empirical data to reach a decision

Agenda

7:30 – 8:00 a.m. :: Registration and Continental Breakfast

8:00 – 8:15 a.m. :: Overview and Introductions


8:15 – 9:30 a.m. :: Blue-Printing the Project

  • Identify situation
    • Why is your organization looking to acquire or change software?

Identifying Business Needs and Requirements

  • Process mapping
  • Gap analysis
  • Requirements gathering

  Conduct Acquisition: Selecting the Best Technical Solution and Vendor for Your Business

  • Selection process
    • Quantitative selection
      • Qualitative selection

9:30 – 10:00 a.m. :: A Market Participant’s Set of Key Elements

Henry Chu, Senior Staff Analyst – RTO Settlements & Analysis, Entergy Services

10:00 – 10:15 a.m. :: Morning Break


10:30 a.m. – 12:00 p.m. :: Hartigen Solutions

Mike Canto, Settlements Specialist

Scott Vogan, Vice President

David Potts, President & CEO

12:00 – 1:00 p.m. :: Group Luncheon


1:00 – 2:30 p.m. :: Power Settlements Consulting and Software

David Dan, President and CEO

2:30 – 2:45 p.m. :: Morning Break


2:45 – 4:15 p.m. :: Power Costs Inc (PCI)

Justin Shearer, Director

4:15 p.m. :: Workshop Adjournment

Instructors

Dan Lobue, President, Competitive Energy Consulting

Dan LoBue is President of Competitive Energy Consulting.  He is a subject matter expert with more than 30 years’ experience in power markets, holding both senior management positions at market participating companies and as a consultant in the electric industry.  As a corporate employee, he has held positions in generation, transmission, regulatory and commercial operations; specifically trading and origination. As a consultant, he specializes in advising and providing solutions to decision-makers looking to improve margins and reduce expenses in electricity markets through the application of adept knowledge of the market rules, regulations, risks and use of time proven systems and processes.  Mr. Lobue works on behalf of market participants in MISO, SPP, PJM, CAISO, ISO-NE, and NYISO. He was the lead consultant for the MISO South / Entergy integration, assisting Entergy, MISO and many of the other embedded companies successfully transition and integrate into the market on time. Post-market integration activities have included proving solutions to improve market performance and reduce P&L leakage. He is considered a “go-to-guy” for bridging the gap between theory and practice.


Michael Canto, Product Manager, Hartigen Solutions

Michael Canto is Product Manager at Hartigen Solutions.  He has been with the firm since 2012.  Mr. Canto works exclusively on settlement implementations of company’s software and custom reporting solutions for clients.  He has extensive knowledge of North American RTO Settlements and has been in the RTO/ISO Settlement space for over a decade.  He has managed multi-faceted settlement teams across SPP, PJM, MISO, & CAISO and his specialties include after-the-fact analysis, settlement and accounting, process optimization, and reporting structures.  Mr. Canto received a Bachelor of Arts degree in Economics from the University of Florida.


David Dan, President, Power Settlements Consulting and Software

David Dan founded Power Settlements Consulting and Software, LLC in 2007, and as president is responsible for setting Power Settlements’ strategic objectives and executing the expansion of the Power Settlements’ bid-to-bill, visual analytics, and energy trading and risk management product lines. He is responsible for designing the business functionality in all of the company’s modules for the western power markets. Prior to starting Power Settlements, Mr. Dan worked at various consulting firms including Deloitte & Touché, where he consulted for many of the ISO participants, including investor owned utilities, independent generators, power marketers, and municipalities. He first started his career in the ISO/RTO space when he joined the California Power Exchange in 1998, where he was a senior settlement analyst, led the dispute group, and trained market participants on validating their ISO settlement statement charges.


Justin Shearer, Director, Power Costs Inc (PCI)

Justin Shearer is a director at Power Costs Inc (PCI), joining the team in 2013. He initially analyzed and developed settlements solutions, subsequently assuming the role of product ownership management for the company’s CAISO EIM solution. In this role, he has participated in helping all PCI EIM clients successfully enter that market. Approximately two years ago Mr. Shearer began working in PCI’s Solution Management division that helps clients actively apply PCI solutions to meet clients’ ever-changing needs. Before joining PCI, Mr. Shearer was a quality assurance team lead for a multi-billion dollar hedge fund and a security class actions analyst for a leading financial services firm. He earned his bachelor’s degree in English Literature and Language from University of Oklahoma. He then received his MBA with a focus in MIS and supply chain management from the Price School of Business at the University of Oklahoma.

Speakers

Mike Canto, Settlements Specialist, Hartigen

Shannon Carey, Director – Market Analysis and Settlements, ISO New England (ISO-NE)

Ron Chartier, Manager – Market Operations & Billing, Sunflower Electric Power Corp (SEPC)

Rod Cody, Software Development Analyst II, Black Hills Energy

David Dan, President and CEO, Power Settlements Inc

Chris Delk, Manager – Market Settlements, Midcontinent ISO (MISO)

Andrew Dornier, Manager – Settlements, Analysis & Reporting, Entergy Services

Ray Fernandez III, Manager – Market Settlements Development, PJM Interconnection

Brian Helms Jr, Power Systems Analyst, Alcoa

Khai Le, Senior Vice President, Power Costs Inc (PCI)

Dan Lobue, President, Competitive Energy Consulting

Jeremy Malekos, Manager – Market Settlements Design & Configuration and Indu Nambiar, Senior Advisor – IT Architecture, California ISO (CAISO)

Alishan Mansourian, Senior Manager – Energy Settlements & ISO Market Analytics, Southern California Edison (SCE)

Indu Nambiar, Senior Advisor – IT Architecture, California ISO (CAISO)

Bill Olson, Manager – Market Operations Accounting, Xcel Energy

Gita Razavi, Senior CAISO Settlements Analyst, Southern California Edison (SCE)

Maura Royston, Energy Accounting Process Supervisor, We Energies 

Christopher Russell, Manager – Customer Settlements, New York ISO (NYISO)

Michael Schulz, Energy Services Analyst, Big Rivers Electric Corp

Christopher Sisemore, Custom Software Manager, Hartigen

Steve White, Senior Settlements Analyst, Southwest Power Pool (SPP)

Brent Wilcox, Manager –  Settlements, Southwest Power Pool (SPP)

Location

Doubletree by Hilton Nashville Downtown

315 Fourth Avenue North

Nashville, TN 37219

Reserve your room:

please call 1-615-747-4802

Room Block Reserved For:

Nights of November 17 – 19, 2019

Room rate through EUCI:

$229.00 single or double plus applicable taxes
Make your reservations prior to October 21, 2019.

Register

Please Note: Confirmed speakers do not need to register and are encouraged to participate in all sessions of the event. If you are a speaker and have any questions please contact our offices at 1.303.770.8800

EventEarly Bird Before
Friday, November 01, 2019
Standard RateAttendees
ISO Market Settlements SummitUS $ 1295.00 US $ 1495.00

This event has the following workshops:

Fundamentals of ISO Settlements Structures And SystemsUS $ 495.00
US $ 595.00
Selecting the Best Technical Solution and Vendor for Your Settlements FunctionsUS $ 895.00
US $ 995.00

Take advantage of these discounts!

  • Attend the Conference and both workshops and pay US $ 2,495.00 per attendee (save US $ 190.00 each)
  • Attend the Conference and any 1 workshop and save US $ 95.00 per attendee

Register 3 Send 4th Free!

Any organization wishing to send multiple attendees to these conferences may send 1 FREE for every 3 delegates registered. Please note that all registrations must be made at the same time to qualify.

Cancellation Policy

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before October 18, 2019 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Sponsors

By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. more information

By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. We use cookies during the registration process and to remember member settings.

Close