Historically, the U.S. electric power industry was vertically integrated, and utilities were responsible for system planning, operations, and reliability management. As the nation moves to a competitive market structure, these functions have been disaggregated, and no single entity is responsible for reliability management. As a result, new tools, technologies, systems, and management processes are needed to manage the reliability of the electricity grid. However, a number of simultaneous trends prevent electricity market participants from pursuing development of these reliability tools: utilities are preoccupied with restructuring their businesses, research funding has declined, and the formation of Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs) to operate the grid means that control of transmission assets is separate from ownership of these assets; at the same time, business uncertainty, and changing regulatory policies have created a climate in which needed investment for transmission infrastructure and tools for reliability management has dried up. To address the resulting emerging gaps in reliability R & D, CERTS has undertaken much-needed public interest research on reliability technologies for the electricity grid. CERTS' vision is to: (1) Transform the electricity grid into an intelligent network that can sense and respond automatically to changing flows of power and emerging problems; (2) Enhance reliability management through market mechanisms, including transparency of real-time information on the status of the grid; (3) Empower customers to manage their energy use and reliability needs in response to real-time market price signals; and (4) Seamlessly integrate distributed technologies--including those for generation, storage, controls, and communications--to support the reliability needs of both the grid and individual customers.