Electricity: Independent System Operator.

Existing law provides for the establishment of an Independent System Operator (ISO) as a nonprofit public benefit corporation, and requires the ISO to ensure efficient use and reliable operation of the electrical transmission grid consistent with achieving planning and operating reserve criteria no less stringent than those established by the Western Electricity Coordinating Council and the North American Electric Reliability Council. Existing law requires the ISO to maintain open meeting standards and meeting notice requirements consistent with the general policies of the Bagley-Keene Open Meeting Act and states that specified policies adopted by the ISO meet this requirement. Existing law requires the ISO to provide corporate records consistent with the general policies of the California Public Records Act and states specified policies adopted by the ISO meet this requirement. This bill would require that the ISO maintain open meeting standards and meeting notice requirements consistent with the requirements of the Bagley-Keene Open Meeting Act, rather than requiring that those standards meet the general policies of that act, and would strike references to specified policies adopted by the ISO. This bill would require that the ISO provide public access to corporate records consistent with the requirements of the California Public Records Act, rather than requiring that the ISO provide public access consistent with the general policies of that act, and would strike references to specified policies adopted by the ISO. The bill would require the ISO to work with specified state agencies to support state policy goals, to make data available to state agencies, and to assist with the development of long-term resource planning objectives. The bill would require ISO to publicly disclose specified information relating to tariff or rule of conduct violations by market participants. The bill would require the chief executive officer and the chair of the governing board to appear annually before specified committees of the Legislative, as specified. The bill would subject the books, records, and financial documents of the ISO to inspection by the Joint Legislative Audit Committee and the State Auditor.