California ISO Board adopts reduced budget for 2019 RSS Feed

California ISO Board adopts reduced budget for 2019

The California Independent System Operator (ISO) Board of Governors approved the ISO’s 2019 budget of $193.5 million, which is $4 million less than 2018. The 2019 budget also is well below the regulatory cap of $202 million and represents an average annual growth rate of less than 1 percent since 2007.

The ISO has been able to absorb cost pressures by leveraging efficiencies in non-labor costs and increasing other revenues, including the Reliability Coordinator funding that begins in 2019.

The ISO projects that the 2019 transmission volume will decrease to 239.7 terawatt-hours, resulting in a bundled cost per megawatt-hour of $0.807, or a decrease of $0.010 per megawatt-hour from 2018.

The budget was developed with input gathered from a series of public meetings that began in July. The budget goes into effect on January 1, 2019.

Read full article at Orange Country Breeze