EFORp calculation is a critical process in the overall implementation of the new Reliability Pricing Model (RPM) and capacity obligation for the company. It will be used to determine the Generating Unit Peak Availability, which is an incentive measure to generation owners to maintain the availability of their generating units during defined peak periods of the Delivery Year.

Integ is hosting this workshop for the PJM member companies to understand the EFORp process and its financial and business process impact on the eGADS, eRPM and eMKT systems at PJM.

This workshop will discuss the following points:

• Calculation of EFORp and overview of its underlying components (i.e., bid offer, schedule detail, unit constraints)
• Impact of EFORp on other GADS statistics
• Calculation of various financial components such as Capacity Resource Deficiency Charge, Peak Season Maintenance Compliance Penalty Charge, Peak-hour-period Availability Charges and Credits and other financial impacts due to EFORp
• Hedging Capacity Obligations
  

Date: November 2007 (Details to be announced)
Location: New York City (Site to be announced)

• How EFORp is determined
• Financial Impacts of EFORp
• EFORp & Hedging Capacity Obligations
• Reliability and Performance Matrix using EFORp