Business Services Industry
Agreement Promotes Investment in New Power Sources
Business Times, The, March, 2006 by Anonymous
ISO New England Inc., operator of the region's bulk power system and wholesale electricity markets, recently joined in a final agreement with regional stakeholders to establish a redesigned wholesale electric capacity market that will promote investment in new and existing power resources needed to meet growing consumer demand and maintain reliable electric service for customers.
The agreement was filed with the Federal Energy Regulatory Commission (FERC), which must approve the agreement before it can be implemented.
"This agreement is a critical step forward in the development of a reliable, efficient power system for the region," said Gordon van Welie, ISO New England president and CEO. "It addresses one of the most significant challenges we face: ensuring there are...
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