December 27, 2014 4:08 AM ET

Electric Utilities

Company Overview of California Independent System Operator Corporation

Company Overview

California Independent System Operator Corporation, a nonprofit public benefit corporation, operates long-distance and high-voltage power lines that deliver power in California and to neighboring control areas and states, Canada, and Mexico. It offers open access to the transmission system through a market for electricity and related services. The company also provides market products and services, such as energy and ancillary services products; congestion revenue rights, a financial instrument used to manage exposure to congestion charges in the day-ahead market process; and convergence bidding services. In addition, it is involved in the network and resource modeling, outage management, in...

250 Outcropping Way

Folsom, CA 95630

United States

Founded in 1997

582 Employees

Phone:

916-351-4400

Key Executives for California Independent System Operator Corporation

Chief Executive Officer
Vice President of Operations
Chief Compliance Officer
Vice President of Technology
Vice President of Policy & Client Services
Compensation as of Fiscal Year 2014.

California Independent System Operator Corporation Key Developments

FERC Approves Fifth Settlement in 2011 Southwest Blackout Case

The Federal Energy Regulatory Commission (FERC) has approved a stipulation and consent agreement among FERC’s Office of Enforcement, the North American Electric Reliability Corporation (NERC), and the California Independent System Operator (CAISO) that includes a $6 million civil penalty and resolves the investigation by FERC Enforcement staff and NERC into CAISO’s involvement in the Sept. 8, 2011, Southwest blackout. This marks the fifth settlement related to the FERC-NERC joint investigation into the outage that left more than 5 million people in Southern California, Arizona and Baja California, Mexico, without power for up to 12 hours. Enforcement staff and NERC determined that CAISO violated three requirements of the Transmission Operations (TOP) and the Facilities Design, Connection and Maintenance (FAC) groups of Reliability Standards. The TOP standards cover the responsibilities and decision-making authority for reliable operations and aim to ensure that the transmission system is operated within correct operating limits. The FAC standard involved aims to ensure that system operating limits are based on an established methodology. Enforcement staff and NERC concluded that CAISO had failed to appropriately monitor the current flow on Path 44, or otherwise take corrective action to avert operation of the intertie separation scheme at the San Onofre nuclear generating plant switchyard. Initiation of the intertie separate scheme contributed to tripping the San Onofre nuclear generating plant offline, and eventually resulted in the complete blackout of San Diego and the Baja California control area operated by Comisión Federal de Electricidad. CAISO stipulated to the facts in the agreement and agreed to pay the $6 million civil penalty– of which $2 million will be split evenly between the U.S. Treasury and NERC, and $4 million will be invested in reliability enhancement measures that go above and beyond mitigation of the violations and the requirements of the Reliability Standards. CAISO also agreed to mitigation measures and to submit to compliance monitoring. CAISO neither admits nor denies that its actions constituted violations of the Reliability Standards.

California Independent System Operator Announces Resignation of Bob Foster as Director

California Independent System Operator announced resignation of Bob Foster as Director, effective September 30, 2014.

California Independent System Operator Elects Richard Maullin as New Chair

Richard Maullin has been elected as the new chair of the California Independent System Operator Board of Governors. Board members unanimously selected Mr. Maullin to the position during a special board meeting held on September 26, 2014. Mr. Maullin, a sitting member of the board, was re-appointed to the ISO board in January 2012 by California Governor Edmund G. Brown Jr. for a three-year term that expires on December 31, 2014. Mr. Maullin is a founding partner of Fairbank, Maslin, Maullin, Metz & Associates. Previously, he was president and chief executive officer of MCR Geothermal Corporation (1980-1985). Mr. Maullin was a member of the Social Science staff of the RAND Corporation (1965-1971). He served as chairman of the California Energy Commission (1975-1979) and as Deputy Secretary of State (1971-1974). In addition to membership in various professional organizations, he serves as the Chairman of the Vilnius Yiddish Institute at Vilnius University in Lithuania.

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