We are in a market whose horses, the steeds of generation and load, may be similarly limited by the experiences in which their world was built. Consequently, they do not necessarily understand the new skills that others bring to the industry and do not allow those possibly talented Yahoos to add value. Transmission Transmission is the one area where I have been amazed at the lack of general commercial development in the past few years. But if these diverse skills are incorporated, significant value-addeds to generation and load can be uncovered. Depending on the location, a 5 to 30 percent additional value may be seen.
Transmission has two levels of added flexibility.
First are the physical or operational options. A second level of flexibility is the ability to be in multiple markets on an hourly basis, the most inexpensive option in the market place with limited exposure. Annual and higher terms command lower probability of interruption which may add value. Transmission is in a state of flux with the advent of RTOs and new ISO guidelines. It continues to be an increasing profit margin, and therefore an important piece of the portfolio.