Vote tallies here reflect individual votes, not the weight of the votes by market segment.
Affirmative votes are not recorded in these vote tallies. For additional details on the voting
record, please consult the Recommendation or Action Report, or the official vote tally if
available, as posted in the key documents.
Sep 14, 2006
7.2, 18.104.22.168, 22.214.171.124, 7.8
Revise how CRRs may be traded in the bilateral market and in CRR Auctions. This revision would limit CRR trading to time-of-use blocks for a particular date and CRR Offers in CRR Auctions to time-of-use blocks. With this revision, CRR Account Holders would not be able to trade a particular hour or a block of hours that is not one of the defined time-of-use blocks in Section 7.3 (6).
The vendor (Nexant) CRR system does not support the flexibility of bilaterally trading CRRs for each hour and offering CRRs for particular hour or hours (except time-of-use blocks in Section 7.3 (6)) in CRR Auctions. Vendor estimates a cost of $395,000 for adding this flexibility to their system due to required fundamental changes in the following: data interfaces; Market User Interface functionality (new Java based editor, bilateral trading system, portfolio editor, downloads): Market Operator Interface functionality (command manager); Database Subsystem; testing; and documentation. In addition to the development costs, the CRR team believes there might be other long-term costs associated with the maintenance of the CRR System due to increased complexity, possible need for increased H/W costs for performance and storage, increased auditing overhead, archiving requirements, etc. These long-term costs are not very easy to assess and have not yet been quantified.