SOURCE: California Independent System Operator Corporation

California Independent System Operator Corporation

October 29, 2015 12:23 ET

NV Energy Entry Into the Energy Imbalance Market Delayed

FOLSOM, CA--(Marketwired - October 29, 2015) - The California Independent System Operator Corporation (ISO) and NV Energy are delaying the November 1 date for the Nevada-based utility to begin financially binding participation in the western Energy Imbalance Market (EIM). The two companies maintain their readiness to proceed with full EIM participation while awaiting the final authorization to proceed from the Federal Energy Regulatory Commission (FERC).

The ISO will implement the entry of NV Energy as an EIM entity only on the first of the month. The ISO and NV Energy will announce the date of NV Energy's EIM implementation promptly upon authorization by FERC.

NV Energy will be the second utility to enter the EIM, following PacifiCorp's participation on November 1, 2014. Puget Sound Energy of Washington state and Arizona Public Service remain on schedule to enter the EIM in October 2016.

For more information on EIM, visit the ISO's EIM webpage here.

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The California ISO provides open and non-discriminatory access to one of the largest power grids in the world. The vast network of high-voltage transmission power lines is supported by a competitive energy market and comprehensive grid planning. Partnering with about a hundred clients, the nonprofit public benefit corporation is dedicated to the continual development and reliable operation of a modern grid that operates for the benefit of consumers. Recognizing the importance of the global climate challenge, the ISO is at the forefront of integrating renewable power and advanced technologies that will help meet a sustainable energy future efficiently and cleanly.

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