The Federal Energy Regulatory Commission (FERC) approved the implementation agreement between the California Independent System Operator (ISO) and PacifiCorp that establishes the scope and schedule for a variety of tasks the parties will undertake to launch an energy imbalance market (EIM) by October 2014. Among its provisions, the implementation agreement sets out procedures for PacifiCorp to pay the ISO a $2.1 million fixed start-up fee to enable PacifiCorp to participate in the ISO’s existing energy imbalance market. The ISO and PacifiCorp announced a partnership in February 2013 to add PacifiCorp’s two balancing authorities covering portions of six western states to the existing EIM operated by the ISO in California.
