FERC gave fast-track approval to CAISO Tariff changes meant to discourage sellers from failing to deliver on import energy bids.

CAISO is postponing stakeholder initiatives on day-ahead market enhancements and storage-as-transmission assets, while adding four new initiatives.

CAISO’s Board of Governors approved a proposal to ensure bidders from outside the ISO deliver electricity as promised or face stringent financial penalties.

FERC said it will give CAISO more time to address its concerns over intertie bidding at the borders of the Energy Imbalance Market (EIM).