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Article: NYISO Applauds FERC's Leadership in Defining Vision For Competitive U.S. Electricity Markets; Commission Outlines Bright Future for America's Electric System, Says NYISO.
- Article from:
- PR Newswire
- Article date:
- July 31, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GUILDERLAND, N.Y. -- The New York Independent System Operator (NYISO) praised for the Federal Energy Regulatory Commission (FERC) for the decisive leadership demonstrated at today's Commission meeting at which the Standard Market Design Notice of Public Rulemaking (NOPR) was unveiled.
Standard Market Design (SMD) is the uniform set of policies and regulations to which all U.S. electricity markets will have to adhere as the nation's electric restructuring efforts continue to mature. The NYISO said that the increased certainty and liquidity created by the standardization of markets is what the industry needs now.
"While there will obviously be areas of ...