The California Independent System Operator
Corp. ("CAISO") is moving forward on a slate of
proposals which are intended to enhance grid reliability.
These proposals include addressing issues related to generation
retirement, entering into a specific reliability must-run contract,
modifications to incentives related to the resource adequacy
program, as well as adjusting the compensation given to its Board
of Governors (the "Board"). On November 2, 2017,
the Board approved the four proposals, and CAISO will file any
resulting tariff related changes with FERC at a later date.
Specifically, the Board approved a proposal that permits a
generating resource that is nearing the end of its life to request
an assessment from CAISO on whether it is necessary for future grid
reliability operations. If not, the generating resource can
begin retirement earlier in the year. If there is a need,
CAISO would decide to issue a special procurement designation and
carry out a new
