01 Jan 2001, Energy Risk glossary , Energy Risk
A Federal Energy Regulatory Commission (FERC) order issued in 1996 to restructure the US wholesale electricity industry. It required all utilities that owned transmission lines to provide open-access, non-discriminatory service for all wholesale transactions (including their own wholesale transactions) and allowed utilities to seek recovery of the stranded costs associated with providing open access. FERC has issued three orders related to FERC order 888: Order No. 888-A, 888-B and 888-C. Each clarified FERC order 888, but reaffirmed the basic determinations of FERC order 888.