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California ISO is First to Allocate Ten-Year Transmission Rights in Accordance with Energy Policy Act

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Summary:

(Folsom, CA) The California Independent System Operator Corporation (California ISO) has posted the results of its allocation process for long-term transmission rights–making it the first grid operator to issue a ten-year financial hedge for transmission users. Called Congestion Revenue Rights (CRRS) by the California ISO, the hedges provide Load Serving Entities (LSEs) and other holders with a more stable cost structure by offsetting the congestion costs incurred for use of the high-voltage power grid. The provision of long-term financial commitments is in accordance with the directives of the Energy Policy Act (EPAct).

Document Locations:

• News Releases - 2007