Report of the Market Advisory Committee

In accordance with Market Rule 3B.3.2, the Market Advisory Committee (MAC) hereby advises the Board of Directors of New Brunswick System Operator that the MAC has fully reviewed the proposed amendments to the Market Rules, which proposals were published on the NBSO website on October 5, 2005.

The MAC further advises the NBSO Board of Directors that, at a meeting held on October 17, 2005, the MAC approved the proposed amendments to the Market Rules by a vote of 5 to 1.

Some members of the MAC expressed concern about the difference between a “review” and an “audit”. It was explained that each component of NBSO systems and processes would be audited or reviewed on a five-year cycle, and that the NBSO would be bringing its audit plan to the Committee on a regular basis for review. The plan is also subject to review by the Public Utilities Board.

On the basis of the above, the Market Advisory Committee recommends the adoption and implementation of this amendment.

Jessie Davies
Chair
Market Advisory Committee