Late Payment Enforcement Action

Background The California ISO previously held a Credit Policy Stakeholder process during fall 2008. During this process 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 of progressive discipline, financial penalties, was deferred until after implementation of the ISO’s new market. This tariff amendment will implement financial penalties and the right of California ISO to suspend or terminate a repeat offender’s right to participate in the ISO’s markets.

Outcome Pending closure of initiative

Process

Relevant Market Notices

Late Payment Enforcement Draft Bidding Tariff Language Updated Draft Late Payment Enforcement Tariff Modifications 27-Jan-2010 doc 64K | pdf 39K | Abstract | 01/27/2010 12:21 Comments of Dynegy on Updated Draft Late Payment Enforcement Tariff Modifications 28-Jan-2010 pdf 17K | Abstract | 01/29/2010 08:33 Comments of SDG&E on Updated Draft Late Payment Enforcement Tariff Modifications 28-Jan-2010 pdf 9K | Abstract | 01/29/2010 08:32 Enforcement Action on Late Payments Draft Tariff Language 15-Jan-2010 pdf 24K | Abstract | 01/15/2010 09:14