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The North American Energy Standards Board ("NAESB") herewith submits this report to the Federal Energy



Regulatory Commission ("FERC " or "Commission") regarding NAESB’s activities from August 2008 to February 2009 with respect to the adoption of Version 002.1 of the NAESB Wholesale Electric Quadrant (“WEQ”) standards. The NAESB WEQ Version 002.1 standards have been approved by the WEQ Executive Committee and ratified by membership, or are in the process of ratification and will be published on March 11, 2009, and are provided herein. A supplemental report will be submitted to complete the ratification section on March 11, 2009. An executive summary of the changes which resulted in Version 002.1 is included in the attached report, along with a list of the standards that were created or modified as part of Version 002.1. Three minor corrections are applied to Version 002.1 and are also included in this filing. The remainder of the NAESB business practices under development or planned in response to FERC Order No. 890 will be filed separately, in a subsequent version once complete. Reference to these standards development activities is included in the Version Summary. The standards in this submittal include modifications of existing standards or new standards to support FERC Order Nos. 890, 890-A and 890-B 1, including the standards to support the North American Electric Reliability Corporation (“NERC”) Capacity Benefit Margin (“CBM”) standards as requested in the April 29, 2008 issuance from FERC 2 and part one of a two-part modification to the NAESB standards regarding the grant of rollover rights to requests for redirect on a firm basis. In addition, modifications to the Commercial Timing Table (WEQ-004 Appendix D) an

Year: 2009
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