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This course aims to introduce the students with an overview of electric power industry including the fundamentals of power system generation, transmission, and markets. Various power generation technologies and system network characteristics will be introduced. Key elements of power system operation such as unit commitment, economic dispatch, and optimal power flow will be discussed to provide the background for understanding how the power grid operates and to lay the foundation for understanding the environmental impact from power generation and system operation. An overview of grid planning will be provided. Students will also be exposed to power markets and complex relationship between market and system. Later, students will be exposed to the topics of US energy policy that particularly pertains to power industry. Relevant energy policies of certain countries on global setting for the electricity sector will also be discussed. The latest developments in power industry such as smart grid, microgrid, distributed energy resources and other topics will also be covered.