ABSTRACT
The coordination arrangements presently existing among the different players in the electric market would change operational, planning, and organizational behaviors. The long-term planning has been separated under the organization known as regional transmission organization. Federal Energy Regulatory Commission is concerned with the overall operation and planning of the national grid, consistent with the various energy acts and public utility laws passed by Congress. The goal for a regional transmission group, which must coordinate all contracts and bids among the three major types of players, is to facilitate transactions while maintaining system planning. Competition may be enhanced through the various markets: cash, futures, planning, and swap. Planning contracts must be implemented for at least 20 years into the future, as recently offered by TVA, to provide an orderly, predictable expansion of the generation and transmission systems. Planning solutions in the Midwest section of the United States found that sharing the cost of unit construction and operation was economic.
