Late payment enforcement action

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.