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California ISO Hails FERC Approval of Market Redesign

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Summary:

California ISO Hails FERC Approval of Market Redesign Market Redesign and Technology Upgrade Receives Conditional Approval

Extract:

(Folsom, CA) The Federal Energy Regulatory Commission (FERC) today unanimously paved the way for California to move into a new electricity era—one that restores confidence in energy markets and lays the groundwork for meeting California’s growing power needs. The California Independent System Operator Corporation (California ISO) received the green light for its Market Redesign & Technology Upgrade (MRTU) program, helping it proceed toward a planned November 2007 implementation date.

Document Locations:

• News Releases - 2006