With growing concerns about the fragility of California’selectricity market under summer peak demand stresses, theCalifornia Independent System Operator (Cal-ISO) Board of GovernorsThursday laid out an aggressive agenda to transform the state’spower market into a “workably competitive” model while narrowlydrawing short of further tightening of price caps. It was thesecond time in a week the Cal-ISO board wrestled with the price capissue.
Fragility
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CA-ISO Rejects Further Cap Cuts, Launches New Power Market Plan
With growing concerns about the fragility of California’selectricity market under summer peak demand stresses, theCalifornia Independent System Operator (Cal-ISO) Board of GovernorsThursday laid out an aggressive agenda to transform the state’spower market into a “workably competitive” model while narrowlyrejecting further reduction in price caps. It was the second timein a week the Cal-ISO board wrestled with the price cap issue.
July 10, 2000