Nevada utility moves closer to joining California ISO grid
The FERC approval is an important step toward VEA joining the ISO, effective January 1, 2013
Folsom, Calif., December 16, 2011 — The Federal Energy Regulatory Commission approved a transition agreement December 14, 2011 that clears the way for Valley Electric Association, Inc. of Pahrump, Nevada, to join the power grid managed by the California Independent System Operator Corporation.
The FERC approval is an important step toward VEA joining the ISO, effective January 1, 2013. As such, VEA will become the first utility located primarily outside of the state to become an ISO participating transmission owner, utility distribution company and load serving entity.
Based near Las Vegas, Nevada, the member-owned cooperative runs parallel to California's Inyo and Mono counties while extending into a small portion of California near Bishop.
This move will commit VEA's transmission facilities to the ISO balancing authority, facilities which are now owned by Valley Electric Transmission Association, LLC (VEA's wholly-owned subsidiary). Currently, VEA owns 347 miles of 230 and 138 kV transmission lines.
The ISO and VEA entered into a memorandum of understanding in August that led to the transition agreement approved by FERC.