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February 21, 2026

California Independent System Operator (CAISO)

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FERC Eliminates Western ‘Soft’ Price Cap
FERC rescinded the West-wide wholesale electricity price cap mechanism it implemented in response to widespread price manipulation during the Western energy crisis of 2000-2001, saying development of new markets and expanded authority has led to improved monitoring capabilities.
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.
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."
Western Energy Markets
Caution Urged as Regulators Consider NV Energy’s Request to Join EDAM
Some parties are urging Nevada regulators to wait until initial results are in for CAISO's Extended Day-Ahead Market before deciding whether to allow NV Energy to join.
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.
County of Humboldt
Offshore Wind Group Questions CPUC’s Proposed Forecast for Humboldt Project
Offshore wind experts urged the California Public Utilities Commission to reconsider a forecasted 6-year delay to the Golden State’s offshore wind project in Humboldt County.
Western Power Pool
West Needs $60B in Transmission Ahead of 2035, WestTEC Finds
The West must build or upgrade 12,600 miles of transmission at a cost of about $60 billion to meet the region’s forecast 30% increase in peak demand and other needs by 2035, according to the Western Transmission Expansion Coalition's 10-year outlook.
Google
CAISO Examines ‘Pulsating’ Data Center Loads
CAISO wants to ensure grid reliability when artificial intelligence data centers “pulsate.”

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