Method and system for managing a power grid

An integration framework for facilitating communication with a central power grid authority that manages a power grid, the integration framework comprising:

• a plurality of grid and power system components configured to generate operational data and event data within the power grid;
• an operational bus in communication with the plurality of grid and power system components, the operational bus configured to receive the operational data from a grid component and to communicate the operational data to the central power grid authority, the operational data comprising at least one real-time measurement of voltage, current, real power, or reactive power for at least a part of the power grid;
• and
• an event bus in communication with the plurality of grid and power system components, the event bus configured to receive the event data from the grid component and to communicate the event data to the central power grid authority, the event bus being separate from the operational bus, the event data being distinct from and derived from the real-time measurement and comprising at least one analytical determination as to operation of the power grid based on the at least one real time measurement,
• wherein the operational data is communicated via the operational bus and not communicated via the event bus, and
• wherein the event data is communicated via the event bus and not communicated via the operational bus.