BILL ANALYSIS                                                                                                                                                                                                    



                                                                       


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                                 THIRD READING


          Bill No:  SB 47
          Author:   Bowen (D)
          Amended:  4/18/01
          Vote:     21

           
           SENATE ENERGY, U.&C. COMMITTEE  :  7-0, 4/24/01
          AYES:  Bowen, Morrow, Alarcon, Battin, Murray, Speier,  
            Vincent

           SENATE APPROPRIATIONS COMMITTEE  :  Senate Rule 28.8


            SUBJECT  :    Electrical restructuring:  Oversight Board:   
                      Independent System Operator

           SOURCE  :     Author


           DIGEST  :    This bill requires Senate confirmation of  
          members of the Independent System Operator governing board.  
           The bill also extends those members' terms from one year  
          to three years and provides for staggered terms.

           ANALYSIS  :    AB 1890 (Brulte), Chapter 854, Statutes of  
          1996, required the establishment of the Independent System  
          Operator (ISO) as a "separately incorporated public  
          benefit, nonprofit corporation."  The purpose of the ISO is  
          to ensure efficient use and reliable operation of the  
          State's electricity transmission system.  As originally  
          enacted, AB 1890 required the governing board of the ISO to  
          be composed of California residents appointed by the  
          Electricity Oversight Board (EOB).  The board members were  
          to be appointed according to classes of stakeholders. 
                                                           CONTINUED





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          Inasmuch as the ISO is a non-public entity engaged in the  
          interstate transmission and wholesale power markets, its  
          operations are subject to Federal Energy Regulatory  
          Commission (FERC) jurisdiction under the Federal Power Act.  
           When it approved the ISO tariffs, FERC rejected those  
          portions of the ISO bylaws requiring California residency  
          and EOB appointment of governing board members. 

          In November 1998, FERC ordered the ISO to change its bylaws  
          to eliminate the California residency requirement and the  
          EOB's appointment function, as well as the EOB's authority  
          to approve ISO bylaws and hear appeals of ISO governing  
          board decisions.

          In the face of its order's conflict with the provisions of  
          AB 1890, FERC maintained that AB 1890's requirements were  
          preempted by the Federal Power Act, and it threatened to go  
          to federal court to enforce its order or to unilaterally  
          revise the ISO's bylaws if the EOB did not consent to the   
          changes ordered.  In January 1999, the ISO submitted  
          revised bylaws to FERC that complied with its order.
           
          SB 96 (Peace), Chapter 510, Statutes of 1999, revised the  
          governance structure of the  ISO, as well as the authority  
          of the EOB, to reflect a compromise reached between the  
          State and FERC.  SB 96 limited the EOB's confirmation  
          powers to the appointments of customer representatives to  
          the ISO governing board and limited the EOB's authority to  
          serve as an appeal board for decisions made by the ISO to  
          matters that are exclusively within the jurisdiction of the  
          State.  SB 96 also contained a statement that "California  
          shall retain the right to change the (ISO) governing board  
          into a nonstakeholder board."  (Public Utilities Code  
          Section 337)

          FERC issued a declaratory order on August 5, 1999,  
          approving the changes to the governance structure of the  
          ISO, as well as the authority of the EOB, proposed in SB  
          96.  That order declared the changes proposed by SB 96  
          outlined "an interim role for the Oversight Board that is  
          consistent with our prior orders."

          On November 1, 2000, FERC issued a draft "Order Proposing  







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          Remedies for California Wholesale Electric Market" which  
          proposed a process for replacing the governing boards of  
          the ISO, as well as the Power Exchange (PX).  FERC  
          concluded that the existing "stakeholder" governing boards  
          of the ISO and the PX should be replaced with independent  
          boards.  FERC proposed that the existing board members  
          choose seven members among candidates identified by an  
          independent search firm to form a successor board, without  
          any advice or consent of the EOB or other state entity.  

          In the final California order, issued on December 15, 2000,  
          FERC set aside its proposal for replacing the ISO and PX  
          boards, noting there was no consensus on the process for  
          selecting an independent board.  FERC indicated it would  
          establish procedures to discuss the selection process for  
          an independent ISO board with state representatives.  FERC  
          ordered the existing ISO governing board to turn over  
          decision-making power and operating control to ISO  
          management on January 29, 2001.  Due to other provisions of  
          the December 15 order which substantially diminished the  
          PX's role in the market, FERC found it unnecessary to  
          replace its governing board.

          In the meantime, the Legislature enacted AB 5X (Keeley),  
          Chapter 1, Statutes of 2001 First Extraordinary Session.   
          AB 5X required the replacement of the ISO's 26-member  
          stakeholder board with a governing board composed of five  
          members appointed by the Governor.  AB 5X also required the  
          new board members to be independent of any ISO market  
          participant.

          The following five new ISO board members were appointed by  
          Governor Davis on January 18 and confirmed by the EOB on  
          January 23:

            Michael Kahn, Folger Levin & Kahn LLP, Chair
             Maria Contreras-Sweet, Secretary of the Business,  
               Transportation and Housing Agency
            Michael Florio, The Utility Reform Network
            Carl Guardino, Silicon Valley Manufacturing Group
            Tal Finney, Governor's Office

          This bill requires Senate confirmation of members of the  
          ISO governing board.







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          The bill requires these appointments to be for up to  
          three-year terms and to be staggered.

          This bill modifies a provision of AB 5X which disqualifies  
          people affiliated with ISO market participants from serving  
          on the governing board.  This bill allows people who have  
          served on the PX board to serve on the ISO board if they  
          are not otherwise affiliated with an ISO market  
          participant. 
           
          Comments  
           
           As an urgency measure, the scope of AB 5X was intentionally  
          limited in consideration of Section 8(d) of Article IV of  
          the California Constitution.  Section 8(d) states that an  
          "urgency statute may not create or abolish any office or  
          change the salary, term, or duties of any office?"  

          Because the ISO is not an "office" within the meaning of  
          the Constitution, it was concluded that changing its  
          governing board in an urgency bill would be acceptable.   
          (In a December 1998 ruling on the matter, the Sacramento  
          Superior Court ruled that the ISO and PX are not state  
          agencies.)

          However, the EOB, which has the authority to decline to  
          confirm ISO appointees, is a state office.  Therefore,  
          removing its confirmation duty and requiring Senate  
          confirmation instead necessarily would, in an urgency bill,  
          be considered a likely violation of Section 8(d).  Prior to  
          passage of AB 5X, the Governor committed to sign follow-up  
          legislation to replace EOB confirmation with Senate  
          confirmation.

          This bill requires initial appointments to be made for one,  
          two or three-year terms.  The purpose of this is to ensure  
          that subsequent terms are staggered; that is, only one or  
          two, rather than all five, members' terms expire in any  
          given year.  The mechanism is similar to that used for the  
          initial EOB appointments.  Staggering terms is a  
          traditional way to ensure continuity in institutions with  
          elected or appointed members.








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           FISCAL EFFECT  :    Appropriation:  No   Fiscal Com.:  Yes    
          Local:  No

           SUPPORT  :   (Verified  5/14/01)

          California First Amendment Coalition


          NC:kb  5/15/01   Senate Floor Analyses

                         SUPPORT/OPPOSITION:  SEE ABOVE

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