PacifiCorp

California's power grid operator, PacifiCorp win OK for Western market

California's power grid operator, PacifiCorp win OK for Western market

The California Independent System Operator, which runs power markets and long-distance transmission lines for most of the state, has won approval from federal regulators to start a real-time electricity market for several Western states.

The Federal Energy Regulatory Commission conditionally approved Cal-ISO’s request Thursday to start a regional market. Billionaire investor Warren Buffett’s PacifiCorp power utility, which filed to be included in the market, will be the first participant in the new Western system. FERC will allow the two operations to open an...

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