At the NYISO, "Independent" is (Literally) our Middle Name
When the NYISO was first created in 1999 to run the power grid and wholesale electric markets for New York, it was structured as an independent entity serving under a transparent, shared governance platform approved and overseen by the Federal Energy Regulatory Commission (FERC). An independent approach, it was believed, would best serve the interests of consumers and system reliability while also preventing any one entity or industry from unduly influencing operation of the system or market outcomes.