Merced Irrigation District transition

The California ISO and Merced Irrigation District have executed a memorandum of understanding that will form the basis of a transition agreement, once negotiations are authorized by the ISO Board of Governors. The community-owned electric utility is considering becoming an ISO participating generator owner, utility distribution company load serving entity and participating transmission owner. If the ISO and Merced were to complete the transition agreement this year, Merced could become a participating generator by summer 2014 and a participating ISO transmission owner as early as July 1, 2015.