What are the essential characteristics of the system of governance that will be required for a new, North American electric industry with interconnected and interdependent transmission networks...
To Pool or Not to Pool? Toward a New System of Governance
give those utilities that are responsible for the grid, and their load dispatchers, full authority to direct emergency operations, and to indemnify them against damage claims resulting from emergency actions taken in good faith to ensure the integrity of the grid. Gordon Corey, "Some Observations on the Bulk Poewr Markets in the United States," Public Utilities Fortnightly, Sept. 14, 1989, p. 25, and Sept. 28, 1989, p. 12.
7. To preserve cooperation among such regional transmission corporations, the NERC, or a replacement organization that can fulfill the needed role, will remain essential.
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