Electricity Outline

THE ELECTRIC POWER INDUSTRY
• History of the Industry - Regulation
• The Deregulation Process
• Where are We in Today’s Power Industry
** FERC Order 888, Order 2000
** FERC Order 2004/2005
** FERC Order 890
• The Future?
** Retail Unbundling

THE PHYSICAL FLOW - SOURCE TO SINK
• Fundamental Power Terms and Industry Definitions
** Power/Commodity Components
** Common market terms and acronyms
• The Electric Power System
• The Production of Electricity
** Physical Properties
** Generation Components
** Electric Currents
** Energy Sources for Fuel
** Electricity Reserves
• The Transmission of Electricity
** System Operations - Transmission thru Distribution
** System Coordination and Reliability Councils - NERC Regions
** Control Areas, Interchanges, Loop Flows
• ISOs, RTOs
• Ancillary Services

ELECTRICITY MARKET SEGMENTS
• The Players and Users of Electricity
• The Wholesale Power Market
• The Retail Power Market

DAY TO DAY OPERATIONS
• The Life of a Power Deal
** Contracts/Products and Services
** Pricing Power
** Securing Supply for Market
** Scheduling Power/Checkout
** Power Flow
** Metering
** Billing/Accounting for Power Flows