I. Introduction
Wide-Area measurement systems (WAMS) are becoming one of the most important monitoring systems for power systems. In contrast to supervisory control and data acquisition (SCADA) systems, WAMS provide synchronized phasor measurements with considerably higher reporting rates. The implementation of WAMS over the past 10 years has demonstrated their value for dynamic monitoring, system modeling and validation, closed-loop control, and wide-area protection [1]. However, their high reporting rates and numerous data channels result in large amounts of data, which need to be transported in communication systems and stored in control centers, measuring units, and application servers in real time [2], [3].