Memo dated 8/19/03 discussing the variances approved by third party contractor for the Patriot Project, under CP01-415.

STRATEGIC PLAN FOR FISCAL YEARS 2003 - 2008 FEDERAL ENERGY REGULATORY COMMISSION SEPTEMBER 2003 Pat Wood, III Chairman STRATEGIC PLAN FOR FISCAL YEARS 2003 - 2008 FEDERAL ENERGY REGULATORY COMMISSION SEPTEMBER 2003 Pat Wood, III Chairman Message from the Chairman To the Speaker of the House of Representatives, the President of the Senate, the President pro tempore of the Senate and the Director of the Office of Management and Budget: I am pleased to submit the Federal Energy Regulatory Commissions Strategic Plan for Fiscal Years FY 2003 - FY 2008. This plan describes how we intend to accomplish our mission: To regulate and oversee energy industries in the economic and environmental interest of the American public. In particular, it discusses the objectives and strategies we will follow to meet our three mission-oriented goals, and sets out performance goals and measures to gauge our progress. In addition, it discusses the primary management initiatives that support all three goals and their underlying objectives. Our Strategic Plan responds to the needs of the times, charting a course to achieve dependable, affordable energy through sustained competitive markets. The plan reflects ongoing dialog with customers, industry, tribes and states; however, the plan is our own. It is a living document, which we will adapt as necessary as circumstances change. Pat Wood, III Chairman Federal Energy Regulatory Commission Regulatory Responsibilities The Federal Energy Regulatory Commission (FERC) is an independent regulatory commission within the Department of Energy (DOE). Its function is to oversee Americas electric utilities, natural gas industry, hydroelectric projects and oil pipeline transportation system. Mission The Federal Energy Regulatory Commission regulates and oversees energy industries in the economic and environmental interest of the American public. The Commission was created through the Department of Energy Organization Act on October 1, 1977. At that time, the Federal Power Commission (FPC), the Commissions predecessor which was established in 1920, was abolished and the Commission inherited most of the FPCs regulatory mission. The Commission has five members who are appointed by the President with the advice and consent of the Senate to five-year staggered terms. Each Commissioner has an equal vote on regulatory matters and no more than three Commissioners may belong to the same political party. One member is designated by the President to serve as Chair and is the Commissions administrative head. Hydropower is the oldest area of Commission jurisdiction. The Commissions predecessor began federal regulation of non-federal hydroelectric generation in 1920, authorizing the construction of projects in interstate ...