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.
