Kathleen Staks
Office of Gov. Gavin Newsom
California Gov. Gavin Newsom renewed his call for lawmakers to pass a bill to authorize CAISO to relinquish governance of its electricity markets and allow it and the state’s utilities to participate in a new “regional organization” designed to oversee a West-wide market.
West-Wide Governance Pathways Initiative
The West-Wide Governance Pathways Initiative will run its stakeholder processes separately from CAISO’s until the effort's regional organization is formally launched in 2028, even in areas of overlapping interest.
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The West-Wide Governance Pathways Initiative’s Launch Committee estimates it will cost about $7.1 million to launch the independent regional organization that eventually will oversee energy markets in the West.
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In the competition between two Western day-ahead markets — CAISO’s EDAM and SPP’s Markets+ — the two market operators have “sort of played off one another,” an industry observer said during a panel.
Balise42, CC BY-SA-4.0, via Wikimedia Commons
The West-Wide Governance Pathways Initiative’s Launch Committee said it hopes to seat a permanent board by either next year or 2027 for the regional organization that will govern energy markets in the West.
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The federal government has put on hold nearly $1 million in funding toward the development of a new independent Western RO to oversee CAISO’s WEIM and EDAM, the West-Wide Governance Pathways Initiative’s Launch Committee said.
Tacoma Public Utilities
The West-Wide Governance Pathways Initiative still grapples with political uncertainties and governance concerns despite efforts to fix those issues, proponents of SPP’s Markets+ contended.
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The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
West-Wide Governance Pathways Initiative
Pathways released its Step 2 draft proposal for dividing up functions between CAISO and the new “regional organization” that initiative backers are seeking to create to oversee the ISO’s Western real-time and day-ahead markets.
West-Wide Governance Pathways Initiative
Backers of the West-Wide Governance Pathways Initiative will move quickly on a proposal to alter the governance of CAISO’s Western EIM and EDAM after voting to approve the plan.
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