CAISO’s Market Surveillance Committee on Monday endorsed of a set of rule changes that the ISO proposed to avoid shortfalls this summer, including allowing higher prices to attract capacity in strained conditions. But the MSC encouraged the ISO to adopt a complete scarcity pricing design going forward and to better...

CAISO’s Department of Market Monitoring found no evidence of market manipulation or strategic generator outages during the rolling blackouts of mid-August, the market watchdog said in a report filed Tuesday. "DMM has carefully reviewed major outages which occurred on Aug. 14-15," it said. "Based on its data analysis and conversations...