So the Federal Energy Regulatory Commission (FERC) won't break up the electric utility industry. But it may happen anyway (em if not at the FERC's direction, then perhaps under pressure from state...
Power Pool Politics: How New England Agreed to an ISO
participation, nondiscriminatory regional transmission tariff and competitive-market criteria.
Dec. 31, 1996 (em Files agreements with FERC to restructure, and create New England wholesale electric power market.
Source: William P. Sheperdson, manager, public information, NEPOOL.
Feb. 28, 1997 (em Target date to submit market power study to FERC, plus information on new NEPOOL market structure.
March 1, 1997 (em Requested effective date for NEPOOL Open-Access Transmission Tariff, and new governance and general provisions.
March 1997 (em NEPOOL committees are reconstituted; new voting formula gives representation to all participants.
April 1997 (em Candidates selected and nominated for ISO corporate board of directors.
May 1997 (em Election of the initial ISO board. Interim ISO/NEPOOL agreement takes affect.
July 1, 1997 (em Transfer control area responsibility and tariff administration from NEPOOL staff to ISO.
July - Dec. 1997 (em Modifify interim ISO agreement; execute definitive ISO/NEPOOL agreement.
Jan. 1, 1998 (em Target effective date for final market arrangements.
Source: "Transmittal Letter," to FERC, Dec. 30, 1996, pages 8-9.
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