Optimizing Assets [In My View]

POWER DELIVERY SYSTEMS FACE several new challenges, including the sheer complexity that results from the introduction of new devices such as phasor measurement units (PMUs), advanced controllers and sensors on equipment throughout the system, intelligent electronic devices (IEDs) in substations, smart meters, electric and hybrid vehicles, photovoltaic generation, distributed storage systems, and wind turbines. Power system management, including managing the assets themselves, must be able to deal with these complexities while at the same time preserving the reliability and availability of the existing system.