Modeling and operational impacts of interregional joint operating agreements

Summary form only given. In accordance with good utility practice and with the directives of the Federal Energy Regulatory Commission (FERC), Regional Transmission Organizations (RTOs) have established exchanges of information in furtherance of the reliability of their systems and efficient market operations. This panel presentation explore the power system modeling and operational impacts of such joint operating agreements (JOAs). Experience to-date between the PJM Interconnection (PJM) and the Midwest Independent Transmission System Operator (MISO) were examined with the view to extend the JOA philosophy from the original "market to non-market" implementation on May 1, 2004 and the subsequent "market to market" implementation on April 1, 2005 to a full "joint and common market" between neighboring systems