California ISO

Late Payment Enforcement Action

Background

The California ISO previously held a Credit Policy Stakeholder process during fall 2008 and a progressive discipline process for late payers was developed with stakeholders and approved by the ISO Board of Governors in December 2008. Much of the process was implemented March 31, 2009, but one key element, financial penalties, was deferred until after implementation of the ISO’s new market. This tariff amendment will implement financial penalties and the ISO’s right to suspend or terminate a repeat offender’s right to participate in the ISO markets.

Outcome

Board of Governors approval: December 17, 2008
FERC Order: June 8, 2010
Implementation: This initiative modified the credit policy and billing provisions.

Relevant Market Notices

Tariff Development

Late Payment Enforcement Draft Bidding Tariff Language

Updated Draft Tariff Modifications 27-Jan-2010
doc 64K | pdf 39K | Abstract | 01/27/2010 12:21
Draft Tariff Language 15-Jan-2010
pdf 24K | Abstract | 01/15/2010 09:14

Stakeholder Comments on Updated Draft Tariff Modifications 28-Jan-2010

Dynegy Comments on Updated Draft Late Tariff Modifications 28-Jan-2010
pdf 17K | Abstract | 01/29/2010 08:33
SDG&E Comments
pdf 9K | Abstract | 01/29/2010 08:32

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