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Transmission systems in transition: new markets and an old system.
The electric transmission system moves large volumes of energy from where it is generated to where it is used. Originally, however, the system was intended primarily to serve the native loads of local utilities.
At the time the system came into use, most utilities were vertically integrated, and the system primarily moved bulk power within regions. Power pools developed to coordinate the operation of the grid to ensure reliability and the efficiency of dispatching plants in some regions. Transmission was not a separate business; utilities and regulators considered generation, transmission, and local distribution to be a bundled service.
The transmission ...
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