 ISO New England ensures the day-to-day reliable operation of New England's bulk power generation and transmission system, oversees the administration of the region's wholesale electricity markets, and manages comprehensive, regional planning processes.Its board of directors and over 500 employees have no financial interest in any company doing business in the region's wholesale electricity marketplace.ISO-NE was created in 1997 by the Federal Energy Regulatory Commission, as a replacement for the New England Power Pool (NEPOOL), which was created in 1971.