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Systems; regional provision of market monitoring; and development of <br />inclusive regional transmission planning- and expansion processes. Joint <br />ownership of transmission facilities b~- all load-serving utilities in a region <br />can also address many of the transmission access issues RTOs were <br />intended to address. FLKC should also deal with residual discrimination <br />in the provision of transmission sen~ice by clarifying and more vigorously <br />enforcing its Order No. 888 open access transmission regime. <br />Finally, FL- RC must address generation market po~~'cr through a "bottom <br />t.ip" review and update of its~n~arket-based rate police, for both RTO and <br />non-RTO regions. The ability of public utility sellers to charge rnarket- <br />based rates is a privilege conferred under the FP.1, not a right. ~1"here <br />regional wholesale generation markets arc not a~mpetitive, FF:RC must <br />adopt enforceable protective conditions on the market-based rate <br />authorisations of specific public utility sellers, to ensure that rates <br />remain just and reasonable. <br />iv Restructuring at the Crossroads: FERC Electric Policy Reconsidered <br />