The document discusses electric power system operation and control. It addresses the objectives of power system operation which are to provide continuous quality service to energy users at minimum cost. This includes supplying power at acceptable voltage and frequency while minimizing environmental impact and ensuring security and reliability. The tasks of operation planning, control and accounting are described. Operation planning involves scheduling generation and transmission facilities to meet load demand at minimum cost over various time periods. Operation control functions like economic dispatch, load frequency control and operating reserve calculation aim to satisfy instantaneous load demands. Optimization of generation dispatch to minimize total operating costs is formulated as a constrained optimization problem solved using methods like Lagrange multipliers and iterative techniques. Transmission losses are also accounted for in the optimal load dispatch model