California ISO Rolls Out Market Design 2002; Changes Will Address Market Power Issues.News Desks/Utility Writers FOLSOM Fol·som adj. Of or relating to a culture that flourished in western North America east of the Rocky Mountains during the late Pleistocene Epoch, notable chiefly for the use of grooved, leaf-shaped flint projectile points. , Calif.--(BUSINESS WIRE)--Jan. 8, 2002 The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Independent System Operator is rolling out a proposal for 2002 that will help mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. market power and foster
competition in California's energy market place. Market power
refers to temporarily "cornering the market" on energy or
transmission capacity, gaining the ability to affect price. The
proposal, Market Design 2002, or MD02, is discussed in a preliminary
document available on the California ISO's web site at:
http://www.caiso.com/docs/09003a6080/12/ea/09003a608012eae3.txt.The full proposal for MD02 will be posted to the California ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. web site at the end of the business day today. The proposal will be available on the "Recent Documents" page of the Public Information tab on the California ISO home page at www.caiso.com. Manager of Market Design for the California ISO, Lorenzo Kristov, will be available via news teleconference call to answer reporters questions about MD02 on Wednesday Wednesday: see week. January 9, at 10:30 a.m. Pacific Standard Time. Please contact ISO News at 888-516-News if you plan to attend the news conference in person.
DATE: Wednesday, January 9
TIME (PST): 10:30 a.m.
PHONE NUMBER: 877-381-5438
PASSWORD: ISO News
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