Fwd: DJ Calif Officials Look Into Merging Cal-ISO And CalPX

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Subject: Fwd: DJ Calif Officials Look Into Merging Cal-ISO And CalPX

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DJ Calif Officials Look Into Merging Cal-ISO And CalPX
Copyright , 2000 Dow Jones & Company, Inc.

LOS ANGELES (Dow Jones)--California state officials are studying the
possibility of merging the state's Independent System Operator with the
California Power Exchange.

The state auditor's office met Monday with the ISO to look into the
ISO's operations and its relationship with the CalPX, according to documents
obtained by Dow Jones Newswires.

The audit was requested by state senator Steve Peace, D-El Cajon, who
believes a merger between the ISO and the CalPX would make California's
electricity market more competitive, said Jan Smutny-Jones, chairman of the
ISO Board of Governors.

The ISO controls 75% of the state's electricity grid and real-time
electricity market. The CalPX is the spot market where electricity is bought
and sold in the state.

The ISO will meet again with the auditor's office early next week. The
audit will be complete by spring, said state auditor Mary Noble.

By Jessica Berthold, Dow Jones Newswires; 323-658-3761
mailto:jessica.berthold@dowjones.com
(END) Dow Jones Newswires 20-09-00

1603GMT