Dear Traders,   I spoke with Don at Public Service Company of New Mexico again today regarding the Schedule 9 Loss Compensation Service charges.
He re-confirmed that the market price that is part of the Schedule 9 equation (Loss Compensation Service = # MW wheeled x market price x 3%) is a market price that he obtains from his marketers.
I re-confirmed that his 'marketers' are his traders, though I do not know whether these are Long Term, Cash, or Real-Time Traders.
He is going to talk to his traders to find out where this price came from.
I brought up the point that there has been a price cap of $91.87 in the west and asked that he bring that point forward in his discussions.
He should respond to me on Monday 8-20-01, on which day the bill is due.
I will keep you posted on my findings.
Virginia

PNM Loss Charges, Schedule 9
Dear Traders, I spoke with Don at Public Service Company of New Mexico again today regarding the Schedule <NUMBER> Loss Compensation Service charges.
He re-confirmed that the market price that is part of the Schedule <NUMBER> equation (Loss Compensation Service = # MW wheeled x market price x <NUMBER>%) is a market price that he obtains from his marketers.
I re-confirmed that his 'marketers' are his traders, though I do not know whether these are Long Term, Cash, or Real-Time Traders.
He is going to talk to his traders to find out where this price came from.
I brought up the point that there has been a price cap of <CUR><NUMBER> in the west and asked that he bring that point forward in his discussions.
He should respond to me on Monday <NUMBER>-<NUMBER>-<NUMBER>, on which day the bill is due.
I will keep you posted on my findings.
Virginia
cap number equation charges confirmed market price schedule loss compensation service new mexico today wheeled discussions respond monday west asked bring know long term