1 Introduction: Economic and Technological Principles in Designing Power Markets.- 2 Restructuring, Competition and Regulatory Reform in the U.S. Electricity Sector.- 3 Nodes and Zones in Electricity Markets: Seeking Simplified Congestion Pricing.- 4 Ownership Structure, Contracting and Regulation of Transmission Services Providers.- 5 Authority and Responsibility of the ISO: Objectives, Options and Tradeoffs.- 6 Pricing Issues.- 7 Deregulating Electric Power: Market Design Issues and Experiments.- 8 Binding Constraints of Electricity Restructuring: An Inventory.- 9 Investing in Transmission Facilities- Why, by Whom, for Whom.- 10 The Role of Research and New Technology in a Restructured Networked Energy System.- 11 Design Principles.- 12 An Institutional Design for an Electricity Contract Market with Central Dispatch.