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TeachMeFinance.com - explain Independent system operator (ISO) Independent system operator (ISO) The term 'Independent system operator (ISO)' as it applies to the area of reclamation can be defined as ' The ISO is an evolving concept. In general usage, an ISO is a voluntarily-formed entity that ensures comparable and nondiscriminatory access by power suppliers to regional electric transmission systems. As currently envisioned, ISOs would be governed in a manner that renders them 'independent' of the commercial interests of power suppliers who also may be owners of transmission facilities in the region. The ISO assumes operational control of the use of transmission facilities, administers a system wide transmission tariff applicable to all market participants, and maintains short-term system reliability. ISOs will develop on a regional basis, reflecting differences among regions in operating and structural characteristics of the transmission grid. Some ISOs also may be responsible for long-range system planning'. The term 'Independent system operator (ISO)' as it applies to the area of energy can be defined as ' An independent, Federally regulated entity established to coordinate regional transmission in a non-discriminatory manner and ensure the safety and reliability of the electric system. FERC definition'. Previous 5 Terms: independent events Independent Laboratory Independent power producer Independent Power Producer (IPP) Independent spent fuel storage installation (ISFSI) Next 5 Terms: independent variable Indeterminate public health hazard Index admission Index of Wetness Indian coal lease About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.