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Contents <br />Page <br />............................................................................. <br />Executive Summary <br />Introduction .......................................................................................... 1 <br />The Public Power Perspective .............................................................. 3 <br />The Public Power Business Model: <br />Sticlcuig to the Basics ............................................................................. .I <br />Public Power Views on <br />Federal Restructuring Policies .............................................................. 6 <br />federal Transmission Policy Must <br />Accommodate Regional Diversity ............................................................ . G <br />Needed "Mid-Course Corrections" in <br />Those Regions with Existing RTOs ......................................................... . 7 <br />1 Loa.d-Serving Z,'tilities Nlusl Be Able <br />to Retain/Obtain Lozzg-Tel°rn "Fzrm" <br />l ransrnission at Known and Reasonable Rates ............................... . 7 <br />1 There 11'lust 13e ~ti7eanin~ul l~~fech.anisms to Get Adecjuate <br />1 rarisrraission Infrastructure Ijuilt iaz. a Timely Fashion ................... 10 <br />1 RTOs 11-Test 13e Accountable for l~heir Costs ................................... 14 <br />1 RTO Governance Must fie ll~ade Accountable <br />to Electric Consumers' Interests .................................................... 17 <br />1 RTO I~e~~ions Should 119ak~e Sense from a <br />Corrtrnerci~al and Reliability Perspective ......................................... ] S <br />1 The Botto~nz Line.: RTOs .Should 13e a Eoon <br />to Electric Consumers, Nol a Drag on. Them ................................... 18 <br />~1'a~~s to Advance Transmission Policy <br />Goals in Regions Without RTOs ............................................................. 19 <br />1 Regional Practices and Institutions that 117ee1 the <br />Needs of Particular Regions Should Be Encouraged ........................ 20 <br />1 Opera Regional Ti~azzsmission Planning Ls Critical <br />artd Can Be Accomplished I~'itho~,tt an RTO ................................. 20 <br />1 Joint Ou,~nership of Generation and Transmission <br />Reduces the Need for RTOs anal Should Be Enrouraged .................. 21 <br />Restructuring at the Crossroads: FERC Electric Policy Reconsidered i <br />