The California ISO Board of Governors approved the 2011 Budget, revenue requirement and Grid Management Charge (GMC) rates at the Dec 15-16, 2010 board meeting. The 2011 revenue requirement is $189.8 million, a decrease of 2.7% ($5.3 million) from the 2010 revenue requirement. The new GMC rates of 79¢/MWh, virtually unchanged from last year, will be
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