ISO New England Inc., which oversees
the power supply for 6.5 million customers in parts of the U.S.
Northeast, said it filed a plan with federal regulators for
independent management of the region’s transmission grid.
The plan for a Regional Transmission Organization, or RTO,
was filed in conjunction with power sellers and generators and
utilities that own transmission lines in the six-state New
England region, the company said in a statement. It was filed
with the U.S. Federal Energy Regulatory Commission.
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The commission has encouraged utilities to form RTO’s to
facilitate wholesale power transactions and promote competition
and reliability. There are two FERC-approved RTO’s, one in the
mid-Atlantic states and one in the Midwest.
Bloomberg News
