For a much more in depth history, see the series by the Construction Physics substack:<p><a href="https://www.construction-physics.com/p/the-birth-of-the-grid" rel="nofollow noreferrer">https://www.construction-physics.com/p/the-birth-of-the-grid</a><p><a href="https://www.construction-physics.com/p/the-grid-part-ii-the-golden-age-of" rel="nofollow noreferrer">https://www.construction-physics.com/p/the-grid-part-ii-the-...</a><p><a href="https://www.construction-physics.com/p/the-dream-of-deregulation-the-grid" rel="nofollow noreferrer">https://www.construction-physics.com/p/the-dream-of-deregula...</a><p><a href="https://www.construction-physics.com/p/the-grid-part-iv-the-hard-and-soft" rel="nofollow noreferrer">https://www.construction-physics.com/p/the-grid-part-iv-the-...</a>
A fascinating result of how the regulations were written:<p>“FERC Order 745, issued in 2011, stipulated that demand response providers must be compensated for reducing electricity load at the same rates as if they met that demand with generated electricity.”<p><a href="https://www.utilitydive.com/news/what-the-supreme-court-decision-on-ferc-order-745-means-for-demand-response/413092/#:~:text=The%20decision,-The%20Supreme%20Court&text=FERC%20Order%20745%2C%20issued%20in,that%20demand%20with%20generated%20electricity" rel="nofollow noreferrer">https://www.utilitydive.com/news/what-the-supreme-court-deci...</a>.