NYISO, PJM Joint Operating Agreement approved
The Joint Operating Agreement (JOA) was executed by both parties in May 2007.
The JOA follows a number of earlier joint operating agreements that PJM has entered with other RTOs. The agreement was developed to improve reliability of the respective transmission systems. The agreement references and confirms a number of earlier PJM/NYISO agreements, procedures, and protocols which remain in effect.
The JOA includes obligations of the parties concerning maintaining interconnected operations, providing emergency assistance, exchanging information, coordinating scheduled outages and transmission planning studies, and coordinating voltage control and reactive power.
The JOA also formalizes the process of electronic checkout of schedules, the exchange of interchange schedules to facilitate Available Transmission Capacity (ATC) calculations, and the standards for interchange revenue metering.
With FERC's approval, the JOA was made effective on its signing date in May 2007. The Coordination Committee will establish a schedule for implementing the features of the agreement.
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And this is surely a great and important thing: "Heat causes most weather-related deaths, National Weather Service says."
Generally, U.S. gas demand for power in summer is 35-40% higher than what it was five years ago, with so much more coming (see Figure).
The good news is regions across the country are expected to have plenty of reserves to keep up with power demand.
The only exception is ERCOT, covering 90%…
