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February 24, 2026

CAISO/WEIM

The California Independent System Operator serves about 80% of California's electricity demand, including the service areas of the state's three investor-owned utilities. It also operates the Western Energy Imbalance Market, an interstate real-time market covering territory that accounts for 80% of the load in the Western Interconnection.
Shutterstock
FERC Eliminates Western ‘Soft’ Price Cap
FERC has rescinded the West-wide wholesale electricity price cap mechanism it implemented in response to widespread price manipulation during the Western energy crisis of 2000/01, saying development of new markets and expanded authority has led to improved monitoring capabilities.
Shutterstock
Edison Earnings Rise Despite Eaton Fire Uncertainties
Edison International earnings rose nearly 32% in 2025 despite the uncertainty swirling around its Southern California Edison subsidiary, which has been implicated in sparking the January 2025 Eaton Fire
California Senate
CPUC President Alice Reynolds Out, Joins CAISO Board
California Public Utilities Commission President Alice Reynolds is leaving the CPUC and joining CAISO’s Board of Governors after more than four years at the helm of the state’s utility regulator.
Steven Baltakatei Sandoval, CC BY-SA-4.0, via Wikimedia Commons
PGE to Acquire PacifiCorp’s Wash. Operations for $1.9B
Portland General Electric has agreed to buy most of PacifiCorp’s Washington utility operations for $1.9 billion.
CAISO
CAISO WEIM Surpasses $8B in Cumulative Benefits
CAISO’s Western Energy Imbalance Market surpassed $8 billion in cumulative economic benefits since its 2014 launch after providing participants with $415.65 million in gross benefits in the fourth quarter of 2025, according to an ISO report.
Western Energy
Pathways’ ROWE Selects Interim Leaders
The Regional Organization of Western Energy selected Western Freedom Executive Director Kathleen Staks as its interim president, while regulatory attorney Lisa Tormoen Hickey will assume the role of interim secretary.
CAISO
Collaboration, Engagement Key for CAISO’s Elliot Mainzer
Elliot Mainzer said working at BPA taught him two critical lessons that he's applied at CAISO: the importance of "robust stakeholder engagement" and "collaborative working relationships."
Meta
Data Centers Breeze Through PG&E’s Approval Process
California continues to go all in on data center development, with Pacific Gas and Electric playing its role in the last quarter of 2025 by pushing gigawatts of projects through the investor-owned utility’s design and approval process.
Powerex
Imports ‘Key Vulnerability’ to California Energy Security, CEC Report Says
California’s reliance on a large amount of imported electricity and fossil fuels is a potential weakness in the state’s energy security portfolio, a California Energy Commission staff report finds.
BPA
BPA Rolls out Generation Interconnection Cluster Study
More than 60 GW of generation is a step closer to connecting to BPA's transmission system, following the release of Phase 1 of an interconnection cluster study.

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