October 2, 2008

 

 

Requested Client Action Information Only

Categories

ISO News and Information

Legal/ Regulatory

Settlements and Market Clearing

 

 

Notice of Termination of Lehman Brothers Commodity Services, Inc.

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Summary

CAISO has taken final enforcement action by issuing a notice of termination to Lehman Brothers Commodity Services, Inc. 

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Main Text

The California ISO (CAISO) has taken final enforcement action by issuing a notice of termination to Lehman Brothers Commodity Services, Inc. on October 2, 2008 for its failure to remedy the default noticed on September 24, 2008 within five business days or by October 1, 2008, in accordance with Sections 4.5.4.4 of the CAISO Tariff.  As required by Section 4.5.4.5.1, CAISO will file the notice of termination with the Federal Energy Regulatory Commission. 

 

For more details concerning the circumstances leading to the CAISO’s enforcement actions regarding Lehman Brothers Commodity Services, Inc. and a copy of this market notice, see the documents located on the CAISO website at http://www.caiso.com/docs/2005/06/14/200506141656326466.html.

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For More Information Contact

Phil Leiber at (916) 351-2168 or PLeiber@caiso.com