Letter: R

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Regional Transmission Organization (RTO)

A nonprofit organization that manages the electrical power grid and the wholesale power market of a designated region. RTOs perform similar roles to Independent System Operators (ISOs) but typically cover larger, multistate areas. In the US, RTOs are regulated by the Federal Energy Regulatory Commission (FERC).

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Remote monitoring and diagnostics (RM&D)

A management system that uses sensors, software, and other technologies to track, analyze, and diagnose an asset from a distance.

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Request for proposal (RFP)

A formal document in which an organization solicits detailed bids from potential vendors for a specific project. The RFP typically outlines the scope of work, objectives, requirements, and evaluation criteria for transparent selection.

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Root cause analysis (RCA)

A problem-solving method to identify the cause of an issue and suggest specific, lasting solutions.

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