All Market Participants within the California ISO (the ISO) markets will be subject to a financial review in accordance with ISO standards for determining creditworthiness. Such review procedures are designed to protect Market Participants from undue exposure to default risk by other Market Participants. The ISO’s intent is to maintain the confidence of Market Participants in the ISO markets and to sustain the ISO’s mission of ensuring an adequate supply of power at a reasonable cost, by equitably, consistently and strictly enforcing these credit procedures. The ISO recognizes the importance to Market Participants that credit-related practices be transparent and comprehensive. Current ISO credit policies and procedures are documented in the Business Practice Manual for Credit Policy available on the ISO’s website.
