The industry requires new analytical tools to incorporate the realities of today's higher risk operating and investment environment into the...
on consumers for significant periods of time. The report also points out that ratepayers remain at risk while policymakers wait for the industry to form RTOs with their own plans to monitor markets.
"FERC must develop a plan for monitoring the market," says GAO, "until the transmission organizations' market monitoring units become fully operational."
"FERC simply cannot let the markets continue to go unmonitored for this length of time."
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