NJ BTM REC Platform Transition Update

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NJ BTM REC Platform Transition Update

• Updated April 20, 2009
• (This webinar is visual-only. To join the audio
  portion of the webinar, dial 866-740-1260 and
  enter access code 3276830.)

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Presentation Outline

• Notice - Plans Subject to Change!
• Early Transition Options
• Default Transition
• Frequently Asked Questions
• Training Opportunities
• Documentation Plan/Posting/Website
• Key Contacts

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Plans Subject to Change

• Transition plans and mechanics are subject to
  change.
• This presentation presents transition plans in
  their current form and highlights some areas of
  current uncertainty.
• Please check back for updates by attending future
  calls and/or checking the Transition section of
  the njcleanenergy.com website.

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Early and Default Transition
Early Transition (Group C)
Default Transition
CPM
CPM
EY 2009 REC/SREC trading only
Account blackout period
EY 2009 (ends May 31, 2009)
EY 2009 and EY 2010 REC/SREC trading
EY 2010 (begins June 1, 2009)and EY 2009
True-Up Period(ends September 30, 2009)
GATS
GATS
EY 2010 future REC/SREC trading
EY 2010 (continued)
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Early Transition - Overview

• Early transition is voluntary
• Objectives
• Enable account holders to transition CPM
  accounts to GATS prior to default transition
  date
• Provide account holders with more time to learn
  GATS prior to end of EY2009 true-up period
• Enable transition team (BPU, GATS, CPM, Market
  Manager) to gain experience with transition
  administration with a smaller set of participants

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Group C Early Transition

• Group C
• Eligibility All current CPM account holders
• Will be notified of eligibility for early
  transition by March 20, 2009 (B) or April 20,
  2009 (C)
• Must elect early transition by April 15 (B) or
  May 15 (C)
• GATS account available for viewing/trading and
  generation entry on May 1 (B) or June 1 (C)

• Key Dates
• May 3 Last day to enter March production data
  into CPM
• May 15 Deadline for requesting Group C early
  transition
• May 16-31 Account blackout period
• June 1 GATS account open for viewing/trading
• June 1-30 GATS data entry period opens for May
  production reporting

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Early Transition - Mechanics

• Clean cutover to GATS
• After the applicable Early Transition Blackout
  Period, all NJ BTM RECs will be issued by
  PJM-EIS and traded through GATS.
• No further account activity will occur through
  CPM
• RECs in escrow
• Account holders will be informed that they must
  clear RECs out of escrow prior to the start of
  the transition blackout period.
• CPM will screen accounts to be transferred for
  RECs in escrow. If there are RECs in escrow, the
  account will not be transferred.

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Default Transition

• Default transition is not voluntary
• Applies to all CPM account holders who did not
  elect early transition
• Enables continued use of CPM platform for
  settlement of EY09 RECs or SRECs created on or
  prior to June 5, 2009 through EY09 true-up
  period (ending September 30, 2009)
• Ensures no unretired RECs or SRECs at end of EY09
  true-up period are stranded at CPM

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Default Transition - Details

• All EY2010 NJ BTM RECs will be issued by PJM-EIS
  through GATS.
• Treatment of RECs in Escrow on Transfer Date
  (9/30)
• GATS will not initially support the escrow
  functionality.
• Account holders will be informed that they must
  clear RECs out of escrow prior to the transition
  or those escrowed RECs will revert to the
  sellers GATS account.
• Trades will need to be re-initiated and completed
  using GATS.

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Default Transition Key Dates
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Transition Options Summary

• Early Transition
• Voluntary
• Clean cutover from CPM to GATS
• Best for account holders
• Whose buyers are already registered at GATS
• Who are willing to learn a new system now

• Default Transition
• Mandatory
• EY09 settled in CPM, EY10 settled at GATS
• Best for account holders
• Who wish to remain with CPM through EY09
• Who depend on CPMs escrow function for trading

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Transition Account Holder Responsibilities

• Current (not historical) account information to
  be ported from CPM to GATS
• GATS will be able to replicate CPM account and
  username
• GATS will send account holders an email
  invitation to log in to a new URL using their CPM
  username
• Account holders are advised to
• Check/print out current account information
  (generating units in account) and unsold REC
  balance information prior to default transition
• Verify GATS account balances are
  consistent/accurate
• Obtain training/learn to use the GATS system
• Account holders will need to
• Download, read, sign and return the GATS Terms of
  Use and Schedules C1 and E1 to GATS
• Log in to GATS and choose a password upon receipt
  of notification of account availability from GATS

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Frequently Asked Questions

• Production Estimates
• Existing systems production estimates will be
  transferred to GATS as-is
• Creation of production estimates for new systems
  will be supported by GATS, using same method as
  used by CPM
• Automated entry of estimated production will be
  supported by GATS
• kWh Production Entry/Partial MWh carryover
• GATS will enable generators to enter production
  in kWh, and will support carryover of partial MWh
  to the following month

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Frequently Asked Questions

• Transaction Escrow Period Support
• GATS does not plan to support this functionality
  by the default transition date
• Fees
• GATS fees are listed in the GATS Terms of Use,
  fees are not relevant to account holders with
  less than 10 MW capacity or to transactions among
  GATS account holders
• Username/Password Migration
• GATS is working with CPM to transition usernames
  and accounts you will receive an email from GATS
  once the transfer is made, and you will need to
  create a new password

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Training Opportunities

• Transition Webinars
• GATS Solar Calls
• GATS Detailed Training
• Online training modules
• Detailed in-person and webinar training

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Transition Webinars

• Transition Webinars These webinars will provide
  an update of the plans for transitioning NJ
  behind-the-meter REC and SREC accounts from the
  current platform operated by Clean Power Markets
  to the Generation Attributes Tracking System
  (GATS) platform operated by PJM-Environmental
  Information Systems.  All sessions will cover the
  same topics, but later sessions may include
  updated information. 
• Thursday, April 30, 1-230 p.m. Eastern
• Thursday, May 7, 8-930 a.m. Eastern
• Tuesday, May 12, 1-230 p.m. Eastern
• Register here http//www.njcleanenergy.com/gats

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GATS Solar Training

• GATS Solar Subscriber Training Calls  These
  calls are meant to be general calls pertaining to
  all solar subscribers. GATS will provide WebEx
  live demonstrations on the mechanics of using the
  GATS System as well as opening the call up to
  general questions and concerns from the small
  solar system owners or Aggregators. These calls
  are open to all of our Subscribers and arent
  focused directly on the NJ Transition. More info
  and training materials can be found at
  http//www.pjm-eis.com/gats/training.html.
• Thursday, May 14, 2009 130 230
• Thursday, June 11, 2009 130 230

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GATS Detailed Training

• Online GATS Training Modules Always available
  at http//www.pjm-eis.com/gats/training.html.
• Part I GATS Introduction
• Part II GATS New Account Set-Up
• Part III Managing and Using Your GATS Account
• GATS Account Setup and Use Detailed Training
• May 18, in-person at BPU office in Trenton
  webinar simulcast
• Register at http//www.njcleanenergy.com/gats
• June 17, in-person at PJM office in PA webinar
  simulcast
• Register at http//www.pjm-eis.com/gats/training.h
  tml

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Transition Info on Website

• www.njcleanenergy.com -gt Renewable Energy -gt
  Programs -gt Solar Renewable Energy Certificates
  (SREC) -gt GATS Transition
• http//www.njcleanenergy.com/gats

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Key Contacts

• PJM-EIS GATS
• GATS Administrator, 610-666-2245,
  GATSAdmin_at_pjm-eis.com
• Clean Power Markets
• Nathalie Shapiro, [phone],
  shapiro_at_cleanpowermarkets.com
• Market Manager
• Steve Wiese, [phone], steve.wiese_at_csgrp.com