Integrated System and Market Operation. Balance Economic Efficiency and Operation Risk Mitigation / Hong Chen, Jianwei Liu -- Mitigate Market Power to Improve Market Efficiency / Ross Baldick -- Under Smart Grid Era. Mass Market Demand Response Management for the Smart Grid / Alex D Papalexopoulos -- Improve System Performance with Large-Scale Variable Generation Addition / Yuri V Makarov, Pavel V Etingov, Pengwei Du -- Stochastic Applications. Security-Constrained Unit Commitment with Uncertainties / Lei Wu, Mohammad Shahidehpour -- Day-Ahead Scheduling: Reserve Determination and Valuation / Ruiwei Jiang, Antonio J Conejo, Jianhui Wang -- Harness Transmission Flexibility. Improved Market Efficiency Via Transmission Switching and Outage Evaluation in System Operations / Kwok W Cheung, Jun Wu -- Toward Valuing Flexibility in Transmission Planning / Chin Yen Tee, Marija D Ili