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Amreica’s Enery Future: Technology and Transformation
FIGURE 9.2Key players in the T&D system. Power is produced by regulated investor-owned utilities (IOUs), which own the majority of the T&D systems, and in some areasby independent power producers (IPPs). IOUs typically provide electricity to end usersthrough their own distribution systems, while IPPs sell to a utility or purchase transmission services to deliver electric power directly to an end user. There are also utilities thatare federally or locally owned, such as municipal and rural co-ops. Most of these utilitiesown generating plants as well as T&D lines.
Source: Courtesy of NETL Modern Grid Team.
ities and conduct the wholesale market to clear short-term transactions.2 There are nine ISO/RTOs in North America, as shown in Figure 9.3. Seven of the nine come
Market-clearing transactions match the available supply of electric power at a clearing price that matches the demand.