NEW YORK, NY — Consolidated Edison Company of New York Inc. (Con Edison) has joined with other transmission companies in New York and New England to recommend that the Federal Energy Regulatory Commission (FERC) take action to enhance the development of competitive wholesale electricity markets in the Northeast. The filing calls for the development of a single, wholesale power market in the Northeast through one or more entities known as Regional Transmission Organizations (RTOs).

If implemented, this action would create a single day-ahead electricity market, stretching from Maine to northern Virginia, and a single or closely coordinated real-time electricity market in the same area.

The transmission companies are calling on FERC to develop a process that includes an independent technology assessment, which would consider the best practices in effect across the Northeast. This would enable the three Northeast Independent System Operators (ISOs) — New York ISO, ISO New England, and Pennsylvania-New Jersey-Maryland (PJM) — to coordinate their technology efforts to avoid duplicative investments and unnecessary delays.

This filing will provide additional input to FERC as it develops its plan for the implementation of large, competitive wholesale electric markets throughout the nation.

Publication date: 07/15/2002