SB 540
California lawmakers have passed a landmark bill that will allow CAISO to transition the governance of its markets to the independent “regional organization” envisioned by the West-Wide Governance Pathways Initiative.
California lawmakers have shifted the legislation designed to transition governance of CAISO’s markets to an independent “regional organization” into a different bill — AB 825.
Six Western U.S. senators came out in support of the California legislation needed to transform CAISO’s market into an independent regional energy market, saying in a letter to Gov. Gavin Newsom the bill promises "improved grid reliability and significant energy cost savings.”
After months of negotiations, the author of the California legislation needed to transform CAISO’s market into an independent regional energy market for the West is confident the state legislature will have a bill to vote on before the session wraps up
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.
California Gov. Gavin Newsom again appeared to voice support for the proposed bill that would allow CAISO to relinquish market governance to an independent regional organization, saying the legislation can reduce electricity costs and improve reliability.
The author behind the bill that would allow CAISO to relinquish market governance to an independent RO has delayed a hearing after several organizations withdrew support for the proposed legislation.
A California bill to implement the West Wide Governance Pathways Initiative’s Step 2 proposal passed the state Senate in a unanimous vote.
The latest version of California’s “Pathways” bill strips out a previous amendment that would have given state regulators authority to order utilities to withdraw from the RO under certain circumstances.
A California bill to implement the West Wide Governance Pathways Initiative’s Step 2 proposal is headed to the floor of the state Senate after being approved by the body’s Appropriations Committee.
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