Bill > AB825

This bill modifies the governance and operations of the California Independent System Operator (ISO), primarily by establishing a framework for potentially participating in a voluntary regional energy market governed by an independent regional organization. The bill sets out 13 detailed requirements that must be met before electrical corporations can participate in such a market, including provisions for state policy respect, public engagement, market transparency, and consumer advocacy. The ISO would be required to develop an annual report detailing its activities and market developments, and the ISO's chair and CEO would be required to present this report to legislative committees. The bill mandates that the ISO maintain its technical capability to operate energy markets independently and continue its functions as a balancing authority. Additionally, the bill requires the Public Utilities Commission to review and approve the transition to a regional market and ensures that the transition will not expand the types of renewable energy transactions beyond existing standards. The legislation also requires the ISO to conduct a study on the potential job impacts of implementing a regional energy market and provides safeguards to protect California's existing energy policies, renewable portfolio standards, and regulatory oversight.

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB825