Washington, D.C., January 20, 2011 — The CEOs of the six independent system operators and regional transmission organizations regulated by the Federal Energy Regulatory 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.
The ISO New England, Inc., Midwest Independent Transmission System Operator, Inc. (Midwest ISO), New York Independent System Operator (NYISO), PJM Interconnection (PJM), Southwest Power Pool (SPP) and California Independent System Operator Corp. (California ISO) 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 ISO/RTOs and other regions of the nation.
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/RTOs under FERC jurisdiction.
“On behalf of the other CEOs, I would like to thank Chairman Wellinghoff and the commissioners for the opportunity to highlight the benefits of ISOs and RTOs as demonstrated in the metrics report,” said Stephen G. Whitley, president and CEO of the NYISO.
“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,” Whitley said.
As noted in the initial filing, the data in the report should be viewed in context, given significant differences in the geographic territories served by the ISOs/RTOs, the regional reliability requirements developed for each system, the unique components of market designs, the composition of available power resources and other variables.
The report is intended to complement other mechanisms in place to measure ISO/RTO performance, including other detailed information annually submitted to FERC, the respective State of the Market reports for each ISO/RTO, FERC’s annual State of the Market Report and reporting measures developed by the individual ISO/RTOs.