PacifiCorp signed a memorandum of understanding to explore full participation in the California Independent System Operator Corp. (ISO) as a participating transmission owner.
The MOU indicates the beginning steps to perform a joint study on the feasibility and benefits of PacifiCorp joining the wholesale market in the Western U.S. In November, PacifiCorp began participating in the six-state Energy Imbalance Market (EIM), which is part of the services that ISO provides. In its first few months in the EIM, PacifiCorp realized millions in cost benefits, which helped lead its decision to look into expanding that partnership.
Over the next several months, PacifiCorp and the ISO will conduct an analysis of the cost and benefits associated with full participation. The process includes stakeholder comments and ISO Board of Governors approval.
Oregon-based PacifiCorp serves nearly 1.8 million customers in Oregon, Washington, Utah, Idaho, Wyoming and California. The ISO is an independent, non-profit organization that manages about 80 percent of the energy flow in California.
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