http://elabs7.com/content/1001271/MarketNoticeLogo2015.jpgMarket Notice

September 17, 2015

 

 

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Board of Governors and Committees

ISO News and Information

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Energy Imbalance Market Governance Proposal Approved by ISO Board of Governors 9/17/15

 

 

Summary

The California Independent System Operator (ISO) Board of Governors approved the proposal for long-term governance structure for the Energy Imbalance Market (EIM) at their September 17, 2015 meeting.

 

 

Main Text

The ISO Board of Governors approved the proposal for long-term governance structure for the energy imbalance market at their September 17 meeting.  The proposal is available on the ISO website at http://www.caiso.com/Documents/Decision_EIM_GovernanceProposal-AttachA-Proposal-Sep2015.pdf .

 

The approved governance over EIM related matters was developed by the EIM Transitional Committee, which includes members represented throughout the west and is chaired by Commissioner Rebecca Wagner of the Public Service Commission of Nevada.  The list of Transitional Committee members and other related material is available on the ISO website at http://www.caiso.com/informed/Pages/BoardCommittees/EnergyImbalanceMarketTransitionalCommittee/Default.aspx .

 

The approved governance structure includes the following attributes, among others:

·         establishment of a regionally-minded EIM governing body with delegated authority over market rules of the EIM;

·         the governing body would be comprised of five members, financially independent of stakeholders;

·         nominees for the governing body would be identified by a nominating committee comprised of stakeholder representatives;

·         the governing body would represent all real-time market participants interests, regardless of where they are located; and

·         changes in EIM-specific market rules must be approved by the governing body and the ISO Board before they are filed with the Federal Energy Regulatory Commission.

 

The next step is to draft revisions to the ISO bylaws and create a charter for the EIM governing body, which will then be subject to approval by the ISO Board later this year.  The Transitional Committee will continue to help shape those revisions and in the creation of the charter.

 

Read more about the ISO Board decision in ISO's news release at http://www.caiso.com/Documents/EnergyImbalanceMarketGovernanceProposalApprovedByISOBoard.pdf .

 

For more information about the governance development stakeholder process, visit the ISO website at http://www.caiso.com/informed/Pages/StakeholderProcesses/EnergyImbalanceMarketGovernanceDevelopment.aspx .

 

 

For More Information Contact

Kristina Osborne at 916-608-7237 or kosborne@caiso.com

 

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