FERC OKs Market Efficiency Agreement With CAISO, SMUD

Law360, Los Angeles (October 17, 2013, 8:05 PM EDT) -- The United States Federal Energy Regulatory Commission on Tuesday accepted the California Independent System Operator Corp.’s proposed market efficiency enhancement agreement, which sets forth terms under which CAISO will price the Sacramento Municipal Utility District’s energy bids at a specific price.

CAISO, which maintains reliability and accessibility to one of the largest and most modern power grids in the world, submitted the proposed MEEA in August. The FERC found Tuesday that the terms and conditions of the MEEA are just and reasonable and that the MEEA...
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