The goal of this initiative is to launch the charter-mandated review of Western Energy Imbalance Market governance, based on accumulated experience and an evolving environment.
| Proposal Development | Decision | Implementation | Completed/Closed | |
|---|---|---|---|---|
| Phase 3 |
Dec 7, 2022 EDAM governance draft final proposal posted
|
Feb 01, 2023 Joint WEIM Governing Body and ISO Board of Governors approval
|
Completed | |
| Phase 2 |
Sep 28, 2021 - Proposed amendment to corporate bylaws: advisory committees posted
Aug 09, 2021 - Part one final proposal posted |
Sep 23, 2021 Board of Governors approval (part two governance documents)
Sep 08, 2021 EIM Governing Body approval (governance documents) Aug 20, 2021 Joint Board of Governors and EIM Governing Body approval (part two draft final proposal) May 06, 2021 Joint ISO Board of Governors and EIM Governing Body approval (part one draft final proposal) |
Completed | |
| Phase 1 |
May 21, 2019 Draft final proposal posted
Jun 18, 2019 Addendum to draft final proposal posted Jun 18, 2019 Revised draft final charter posted |
May 21, 2019 EIM Governing Body approval
|
Completed |
OUTCOME: In November 2021, the WEIM Governance Review Committee (GRC) launched Phase 3 of the governance review process, charged by the ISO Board and WEIM Governing Body with leading the public stakeholder effort to develop and propose WEIM governance refinements in order to support the growth of WEIM and the proposed Extended Day-Ahead Market (EDAM). The GRC worked closely with stakeholders to develop, refine, and submit a final phase 3 governance proposal that was approved by the Board and Governing Body on February 1, 2023.
OUTCOME: Following the formation of the Governance Review Committee (GRC), the charter-mandated review of Western EIM governance was launched based on accumulated experience and an evolving environment. Phase 2 explored two main topics: recommendations regarding the delegation of authority for market rules; and establishing a process to resolve disputes. Part one of the proposal that addressed all topics except the delegation of authority was approved by the ISO Board of Governors and EIM Governing Body in May 2021, followed by approval of part two of the proposal that addressed the delegation of authority in August 2021. The governance documents were then updated and approved by the EIM Governing Body in September 2021.
OUTCOME: Vested the Western EIM Governing Body with primary authority over proposed changes to generally applicable real-time market rules if the primary driver for the change is Western EIM; formed the GRC. Phase 1 explored two main topics: an incremental near-term change to the Western EIM Governing Body’s primary authority for reviewing potential changes to market rules; and soliciting feedback on a broader set of issues that could be part of the Western EIM Governance review, as well as the process and timing for that review.