Portland General Electric Company (PGE) and the California Independent System Operator (ISO) filed an implementation agreement with FERC, paving the way for the Portland, Ore.-based utility to participate in the western energy imbalance market (EIM) starting in October 2017. The western EIM is a real-time energy wholesale market that automatically dispatches the lowest-cost electricity resources available to meet utility customer needs while optimizing use of renewable energy over a large geographic area.
California Independent System Operator
Abengoa and Starwood Energy’s joint venture was selected by the California Independent System Operator (CAISO) as the approved sponsor to finance, construct, own, operate and maintain the Delaney to Colorado River 500-kV transmission line project. Abengoa and Starwood Energy will undertake joint development of the 114-mile transmission line, reinforcing the electrical interconnection between both California and Arizona. Abengoa will undertake construction, operation and maintenance of the transmission line.
Pacific Gas and Electric (PG&E) was selected by the California Independent System Operator (CAISO) to build, own and operate two new electric substations in California's Central Valley and South Bay. The new high voltage substation at Wheeler Ridge Junction will help improve electric service reliability in Bakersfield, especially in the hot summer months when demand for power is higher. The substation projects will need to undergo an approval process through the California Public Utilities Commission.
The California Independent System Operator (ISO), the California Public Utilities Commission (CPUC) and the California Energy Commission (CEC) unveiled a comprehensive roadmap to assess the current market environment and regulatory policies for connecting new energy storage technology to the state's power grid. Technology to store energy is vital to optimizing the grid, increasing renewable energy sources and reducing greenhouse gas emissions.
The California Independent System Operator (ISO) and PacifiCorp announced that tariff amendments to expand the ISO's real-time energy scheduling market across multiple states in the West was approved by the Federal Energy Regulatory Commission (FERC). The new market, known as the energy imbalance market (EIM), is expected to increase resource efficiency, reduce costs and more effectively use renewable and conventional resources.
The design framework for a California Independent System Operator (ISO) energy imbalance market (EIM) received approval from the ISO board of governors. The EIM will allow western grid operators, known as “balancing authorities”, to voluntarily participate in a real-time energy market that enhances grid reliability and responsiveness, effectively integrates renewable power and saves wholesale energy costs. The ISO’s first EIM partner, PacifiCorp, has been working with the ISO to prepare for implementing the market expected to go live on October 1, 2014.
Pacific Gas and Electric (PG&E), MidAmerican Transmission and Citizens Energy were chosen by the California Independent System Operator (ISO) to develop, own and operate a new transmission line in the Central Valley region of California. The 230- kV line will span about 70 miles across Fresno, Madera and Kings counties, running from the Gates to Gregg substations, which are owned and operated by PG&E.
Citing changes in the regional electric market related to the mandated addition of renewable generating facilities, and alluding to such other factors as tightened water resource regulations and the possibility of merchant power plant shut-downs, the California Public Utilities Commission has approved an interim “flexible capacity” framework as a further component of its annual Resource Adequacy (RA) requirements process.
The Federal Energy Regulatory Commission (FERC) approved the implementation agreement between the California Independent System Operator (ISO) and PacifiCorp that establishes the scope and schedule for a variety of tasks the parties will undertake to launch an energy imbalance market (EIM) by October 2014. Among its provisions, the implementation agreement sets out procedures for PacifiCorp to pay the ISO a $2.1 million fixed start-up fee to enable PacifiCorp to participate in the ISO’s existing energy imbalance market.