Bill > AB1301

This bill abolishes the Power Exchange, a nonprofit public benefit corporation previously established to facilitate an efficient, competitive electricity auction, and makes various conforming changes to California's electricity regulations. The bill removes all references to the Power Exchange from existing law, focusing instead on the Independent System Operator, which will continue to manage electricity transmission. Key modifications include eliminating provisions related to the Power Exchange's governance, removing sections detailing its composition and functions, and updating various sections of the Public Utilities Code to reflect its elimination. The bill maintains the Electricity Oversight Board's role in overseeing the Independent System Operator, but removes its previous responsibilities regarding the Power Exchange, such as approving board members or determining board composition. The legislation appears part of a broader effort to streamline California's electricity market structure by removing an intermediary institution and simplifying regulatory oversight. Technical changes throughout the bill replace references to the Power Exchange with references solely to the Independent System Operator, reflecting a more focused approach to electricity market management.

Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1301