California SB540 establishes an independent regional organization for energy markets, outlines its governance, and sets criteria for participation by.

California SB540 creates an independent regional organization for energy markets, distinct from California balancing authorities. The bill mandates that the Independent System Operator (ISO) and participating entities can only join this organization if specific conditions are met, including respecting state policies and avoiding costs to California ratepayers. The ISO must conduct studies on market impacts and report findings. The Regional Energy Market Oversight Council, chaired by the Attorney General, reviews and approves or disapproves participation.

California SB540 establishes an independent regional organization for energy markets, outlines its governance, and sets criteria for participation by.

California SB540 creates an independent regional organization for energy markets, distinct from California balancing authorities. The bill mandates that the Independent System Operator (ISO) and participating entities can only join this organization if specific conditions are met, including respecting state policies and avoiding costs to California ratepayers. The ISO must conduct studies on market impacts and report findings. The Regional Energy Market Oversight Council, chaired by the Attorney General, reviews and approves or disapproves participation.