Systrends announces that their Tariff software has been selected by ISO-NE, NYISO, PJM Interconnection, and another RTO as the Tariff management solution to comply with FERC Order No. 714. Systrends’ web-based software, eTariffManager, manages the complex tariff documentation for the Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs).
eTariffManager is compliant with the North American Energy Standards Board (NAESB) standard. This standard, which was four years in development, is the first national XML-based standard required by the Federal Energy Regulatory Commission (FERC) to collect, manage, and distribute data in the energy industry. Systrends and the ISOs/RTOs are working closely together to ensure they meet the FERC’s April 2010 deadline.
“eTariff will enable the RTOs/ISOs to successfully manage and transmit their tariffs to FERC,” said Systrends' CEO David Darnell. “We are pleased to be working with these ISOs/RTOs, their members, and all other affected parties to provide a feature-rich, compliant solution. We are confident eTariffManager is the best-of-breed and will surpass our clients Tariff management needs.”
Systrends’ goal is to work closely with the market to ensure eTariffManager offers a robust and dynamic solution well in advance of FERC’s deadline. Systrends will offer versions of its eTariffManager software solution to the entire FERC-regulated community, including electric utilities, natural gas pipelines and storage facilities, oil pipelines, and power marketers.
The four RTOs/ISOs operate power grids serving 89 million Americans, with installed generation exceeding 302,000 megawatts and over 122,000 miles of transmission lines.
About ISO New England
ISO New England (ISO-NE) is an independent, non-profit regional transmission organization (RTO), headquartered in Holyoke, Massachusetts, serving Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. ISO-NE oversees the operation of New England's bulk electric power system and transmission lines, generated and transmitted by its member utilities.
About New York Independent System Operator
New York Independent System Operator (NYISO) is a not-for-profit regional transmission organization (RTO) that manages New York's power markets. NYISO operates nearly 11,000 miles of high-voltage transmission and the dispatch of more than 500 electric generators.
About PJM Interconnection
PJM Interconnection (PJM) is a regional transmission organization (RTO), headquartered in Valley Forge, PA, serving Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia. PJM was the world's largest competitive wholesale electricity market until the development of the European Integrated Market in the 2000s.
Systrends is an Electronic Commerce (EC) software and services company that provides a full range of EC solutions including the latest eTariff software, customized transaction and trading partner software, onsite and hosted software implementation, point-to-point connectivity, and outsourced service bureau processing. Over the last 20 years, Systrends has been a recognized industry frontrunner in the development and implementation of EC/EDI standards and solutions. We have successfully implemented secure traditional EDI and Internet EDI, EC, and XML systems for energy clients, governments, and associations.