The West-Wide Governance Pathways Initiative’s Launch Committee asked CAISO to initiate a stakeholder process to create a funding mechanism for the newly incorporated organization that is slated to assume governance over the ISO’s energy markets.

Delaware approved the certificate of incorporation for the ROWE, and an executive search firm has been hired to vet candidates for the organization’s initial board, the Pathways Initiative’s Launch Committee announced.

The West-Wide Governance Pathways Initiative’s Launch Committee approved the bylaws and incorporation documents for the organization that will govern CAISO’s energy markets.

The West-Wide Governance Pathways Initiative’s Launch Committee will hire an executive staffing firm and is considering funding sources as it advances to the next phases of building the independent organization that will govern CAISO’s energy markets.

The West-Wide Governance Pathways Initiative soon will begin the nomination process to select the initial board of the independent regional organization that will govern CAISO’s energy markets.

With California passing the bill designed to transition the governance of CAISO’s markets to an independent regional organization, new challenges await the West-Wide Governance Pathways Initiative as the coalition seeks to turn a once-elusive goal into reality.

The West-Wide Governance Pathways Initiative’s Launch Committee said it hopes to seat a permanent board by either next year or 2027 for the regional organization that will govern energy markets in the West.

The CAISO Board of Governors and Western Energy Markets Governing Body passed two proposals that address different issues within Western markets.