The California Independent System Operator Corporation (California ISO) Board of Governors has approved a comprehensive five-year business plan that follows a thorough process of assessing the needs of the electricity industry and the consumers it serves. The business roadmap charts the course for the California ISO through 2011 and integrates, among other things, state clean air policies that foster development of major new energy market players—renewable power and demand response participants.
External and internal discussions resulted in an extensive analysis that led to new long-range corporate objectives and initiatives covering the period 2007 to 2011. Key priorities associated with the goals can be found in the plan, which is available at www.caiso.com. Factored into the plan are the following industry trends affecting the ISO and how it serves its customers and stakeholders:
Additional deliverables include further reducing reliability costs; bringing the Market Redesign and Technology Upgrade (MRTU) on schedule and within budget; achieving regulatory approvals of transmission upgrades, decreasing O&M spending and lowering the toll or Grid Management Charge for using the grid; reducing transmission bottlenecks; and creating an “ISO Academy” to provide training as well as career development opportunities.