ISO/RTO Leaders Provide Metrics Details To FERC

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The CEOs of the six independent system operators (ISOs) and regional transmission organizations (RTOs) regulated by the Federal Energy Regulatory Commission (FERC) appeared before the commission to discuss the 2010 ISO/RTO Metrics Report filed in December. The metrics report provided FERC with extensive data on grid operations and power markets in their regions.Â

The ISO New England, Inc., Midwest Independent Transmission System Operator Inc., New York Independent System Operator (NYISO), PJM Interconnection LLC, Southwest Power Pool Inc. and California Independent System Operator Corp. compiled the December report as part of FERC's efforts to develop standardized measures to track the performance of grid operations and power markets in ISOs, RTOs and other regions of the nation.Â

Prepared at FERC's request, the report includes more than 50 separate metrics providing information on electric system reliability, wholesale electricity market benefits and the organizational effectiveness of the six ISOs and RTOs under FERC's jurisdiction.Â

‘The information provided in the report shows us to be reliable operators of the grid, illustrates the efficiency of competitive wholesale markets, demonstrates our ability to advance public policy objectives and displays the ways we are enabling the growth of renewables and demand-side resources,’ says Stephen G. Whitley, president and CEO of the NYISO.Â

The report is intended to complement other mechanisms in place to measure ISO and RTO performance, including other detailed information annually submitted to FERC, the respective State of the Market reports for each ISO and RTO, FERC's annual state of the market report and reporting measures developed by the individual ISOs and RTOs.Â

SOURCE: New York Independent System Operator

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