Energy market consolidation and convergence: Seams issues revisited

Electricity Journal

Volumn 14, Issue 10, 2001, Pages 54-65

  Bailey, Michael ^a   Ambrosia, Michael ^b   Eaton, Christopher ^c  

^a Deloitte Touche Tohmatsu   (United States)

^b Deloitte and Touche's Regulatory Consulting Group   (United States)

^c Deloitte and Touche's Global Energy Markets Group   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ENERGY MARKETS; POLICY SHIFT; REGIONAL TRANSMISSION ORGANIZATION;

POWER MARKETS;

EID: 21844455526     PISSN: 10406190     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1040-6190(01)00254-8     Document Type: Article

References (8)

1. Michael Bailey and Christopher Eaton, Moving Toward Seamless Energy Markets: Evidence from the Northeast, ELEC. J., July 2001, at 35-46.
2. The formation of RTOs across the United States was initiated by the issuance of U.S. Federal Energy Regulatory Commission, Regional Transmission Organizations, Order No. 2000, Docket No. RM99-2-000, Washington, DC, Dec. 20, 1999. This order outlined four minimum RTO characteristics -independence, scope and regional configuration, operational authority, and shortterm reliability - and eight minimum RTO functions - tariff administration and design, congestion management, parallel path flow, ancillary services, open-access transmission administration, market monitoring, planning and expansion, and interregional coordination. It also specified an open architecture requirement and filing and implementation timelines.
3. Supra note 1, at 36.
4. Supra note 2, at 238.
5. Supra note 2, at 258 and FERC, Order on Compliance Filing and Providing Further Guidance, Denying Requests for Rehearing, and Rejecting Filing on Alternative Governance Structure, Docket Nos. ER99-3144-003 et al., Washington, DC, Jan. 24, 2001, at 15.
6. For example, Southwest Power Pool (SPP)/Entergy, SeTrans, New York ISO, and ISO New England compliance filings were all rejected based partly on inadequate scope and regional configuration.
7. Order 2000 (supra note 2, at 246) contains the following language on point: "... Section 202(a) of the FPA does give [FERC] the authority, after consultation with state commissions, to fix and modify boundaries for regional districts for the voluntary interconnection and coordination of facilities."
8. For example, Order 2000 (supra note 2, at 462) provides for the performance of market monitoring by an independent entity, presumably with some form of contractual relationship with one or more RTO(s).