What is the NYISO’s Shared Governance Structure? How does it work?
The NYISO’s shared governance structure is the process used for making policy decisions that dictate how New York’s electric system and wholesale electricity markets will operate. Market Participants (companies registered to do business in New York’s power markets ), government officials and public interest groups work together in committees and working groups to forward market improvement recommendations to the Board of Directors. The Board affirms these recommendations and files jointly with the MPs at the Federal Energy Regulatory Commission (FERC), rejects them, or sends them back to the committee process for further refinement. The shared governance structure includes three committees that oversee the management, operations and business issues of the NYISO and its power markets. Management Committee The Management Committee (MC) supervises and reviews the work of all other NYISO committees, develops recommendations to the Board concerning issues, and prepares budgets for Board rev