What is IEP and what is its stake in making this market work?
IEP is the Independent Energy Producers Association of California, Californias oldest and leading trade association. IEPs membership includes virtually all major providers of wholesale electricity in California, including renewable resources, cogeneration resources, the new owners of aging facilities sold by utilities, and electric service providers who broker electricity for customers. IEP members have responded to Californias competitive electricity market with offers to provide power at less than current utility costs and with proposals to invest over $10 billion in private capital in new electricity generation at both existing and new power plant sites. In total, IEP represents approximately one-third of Californias total capacity.
