Independent Electricity System Operator: Difference between revisions

Revision as of 18:36, 4 September 2024

Revision as of 17:51, 6 September 2024

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| logo = Independent_Electricity_System_Operator_(Ontario)_Logo.png

| type = [[Crown agency (Ontario)|Crown corporation]]

| former_name = Independent Market Operator

| industry = [[Electric power transmission]]

| foundation = {{start date|1998}}

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| key_people = Lesley Gallinger, CEO

| products = [[Electricity]] transmission and procurement

| num_employees =

| owner = [[Government of Ontario]]

| homepage = {{URL|http://www.ieso.ca/|ieso.ca}}

}}

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The IMO was renamed to the IESO in January 2005 as a result of the passage of Bill 100, which redefined the direction of deregulation and also led to the creation of the [[Ontario Power Authority]].

TheAs a Crown corporation, IESO is anowned independent,by not-for-profitthe entity[[government of Ontario]] but operates at arms-length. It is governed by a board whose directors are appointed by the governmentprovincial of Ontariogovernment, its fees and licences wereare set by the [[Ontario Energy Board]] and it operates independently of all participants in the electricity market.

In April 2012, the Energy Minister of Ontario [[Chris Bentley (politician)|Chris Bentley]] introduced legislation in [[Legislative Assembly of Ontario|provincial Parliament]] to merge the [[Ontario Power Authority]] and IESO.<ref>{{Cite web|url=https://www.thestar.com/news/queenspark/2013/05/24/possible_opa_merger_would_reduce_public_consultation_on_planning_oppositions_says.html|title=Possible OPA merger would reduce public consultation on planning, oppositions says|date=May 24, 2013|website=thestar.com}}</ref> The merger was expected to take place in late 2012. After the [[Premier of Ontario]] [[Dalton McGuinty]] resigned in the fall of 2012, the merger was postponed.