Market Surveillance Committee
California Independent System Operator
Frank A. Wolak, Chairman
Robert Nordhaus, Member
Carl Shapiro, Member

						Memorandum

To: Governing Board of California Independent System Operator 

From: Market Surveillance Committee 

Re: Preliminary Report on ISO’s Ancillary Services Market

Date:  August 19, 1998

	Attached is the California Independent System Operator (ISO) Market Surveillance Committee’s preliminary report to the ISO’s Governing Board on the operation of the ISO’s ancillary services markets.  
	
	This report is a preliminary one which the Committee may wish to supplement after review of public comments or on the basis of subsequently acquired data.

	The Committee requests that the Board make this report available to the public and to interested Federal and State Agencies.