California ISO selects new chair, names interim CEO

Current president and CEO Yakout Mansour announced last month that he will retire as of May 31, 2011

Folsom, Calif., May 20, 2011 — The California Independent System Operator Corporation board of governors selected Bob Foster as board chair. Foster has served on the ISO board since March 2010 and is mayor of Long Beach, California.

His nearly 40-year career in the energy industry began as deputy executive director of the California Energy Commission where he spearheaded statewide energy efficiency standards, many of which are still in force today. He also served as president of Southern California Edison from 2002-2006.

Recent Gov. Jerry Brown appointees Angelina Galiteva, Ashutosh Bhagwat and Richard Maullin voted Foster into the chairperson role during the board's regular meeting this week. One seat remains vacant on the board.

In other action taken by the ISO board, it was announced that ISO Vice President, Market and Infrastructure Development Keith Casey, Ph.D, will serve as interim CEO, effective June 1. Dr. Casey has been with the ISO since the corporate start up in 1997. He will serve while the board continues the process of naming a permanent CEO.

Current president and CEO Yakout Mansour announced last month that he will retire as of May 31, 2011.

The California ISO operates the state's wholesale transmission grid, providing open and non-discriminatory access supported by a competitive energy market and comprehensive planning efforts.

Partnering with more than 90 client organizations, the ISO is dedicated to the continual development and reliable operation of a modern grid that operates at the least cost to the benefit of consumers. The ISO bulk power market allocates space on transmission lines, maintains operating reserves and matches supply with demand.

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