February 2006 Market Clearing in the Energy Industry . ACKNOWLEDGEMENTS White papers issued by the CCRO are the product of the efforts of its body of members and participants, although the views expressed in any particular paper are attributable only to the CCRO itself and do not necessarily represent the views or intentions of an individual member. Preparation of a paper is led by a subset of CCRO members, termed a working group, that possesses a particular interest in the subject topic. The working group then develops, researches and prepares the paper. Certain external parties whose functions may include providing valuable expertise, perspective and/or coordination and facilitation assist the working group, as necessary. The efforts of all these parties is greatly appreciated. The CCRO extends special thanks to the following organizations and individuals who have dedicated considerable and valuable time, resources, expertise and/or perspective to the preparation and issuance of this paper, Market Clearing in the Energy Industry. CCRO Working Group Members Company Representative(s) Calpine Corporation Morgan Davies (co-Chair) PPL Corporation Alan Babp (co-Chair) ACES Power Marketing Lou Vitale Amerex Energy Michael Prokop PSEG Power, LLC Bradford Radimer Special Assistance from/by Aquila, Inc. Paul Krebs Scarcen Energy Chris Morran Facilitation/Coordination PA Consulting Group, Inc. Michael Beck, Caleb Stephenson