State?s ?New Attitude? on CAISO Governance

By Published On: May 29, 2004

After a long standoff over who will be represented on the board of directors of the grid operator, there are reports of breakthroughs in negotiations?although what is being discussed for alternatives remains hush-hush. ?There?s a new attitude,? said Federal Energy Regulatory Commission chair Pat Wood. ?The main thing for us is for [the board] to be independent of market participants. And we?d like it to be independent of the political process.? The California Independent System Operator (CAISO) is fighting FERC in court to be able to maintain its governance structure. In any event, though, the current CAISO chair, Michael Kahn, knew he was out of a job when the Schwarzenegger administration was voted in because he led former Governor Gray Davis?s failed campaign. Jim Sweeney, a Stanford economist, is being considered for the board.

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