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California ISO Board of Governors Approves 2006 Budget

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Summary:

December 9, 2005 - 2006 Budget is $27 Million Less Than 2005

Extract:

(Folsom CA) The California Independent System Operator Corporation (California ISO) Board of Governors today approved the company’s 2006 budget—a $180.5 million revenue requirement—which is more than $27 million, or about 13 percent less than the 2005 budget. Based on this budget, the California ISO will reduce its Grid Management Charge (GMC) by 14 percent, resulting in lower costs for wholesale customers that could eventually be passed on in savings to retail rate-payers. The California ISO estimates that on a typical monthly residential electrical bill of about $80, the ISO portion is less than 50 cents.

Document Locations:

• News Releases - 2005