[BETA] Fortnightly

PacifiCorp and the California Independent System Operator Corporation (CAISO) entered a memorandum of understanding that commits the two largest grid operators in the western United States to work toward creating a real-time energy imbalance market (EIM) by October 2014. If implemented, PacifiCorp – which controls two balancing authorities primarily covering portions of six states, including part of Northern California – would participate in a co-optimized real-time energy market facilitated by the ISO. The joint agreement applies only to the EIM service. PacifiCorp stressed that it isn’t joining the ISO and will maintain control of its assets and responsibilities for serving customers.