Regional Transmission Organizations/Independent System Operators
Independent System Operators (ISO) grew out of Orders Nos. 888/889 where the Commission suggested the concept of an Independent System Operator as one way for existing tight power pools to satisfy the requirement of providing non-discriminatory access to transmission. Subsequently, in Order No. 2000, the Commission encouraged the voluntary formation of Regional Transmission Organizations (RTO) to administer the transmission grid on a regional basis throughout North America (including Canada). Order No. 2000 delineated twelve characteristics and functions that an entity must satisfy in order to become a Regional Transmission Organization.
Learn More about Regional Transmission Organizations (RTO) and Independent System Operator (ISO)
Energy Price Formation
FERC implemented Price Formation Fixes for Organized Markets and Information on Market Rules and Operational Practices.