April 21, 2011

The IESO's Market Assessment and Compliance Division (MACD) is inviting stakeholders to become involved in a new initiative designed to develop a process for auditing market participant compliance with NERC and NPCC reliability standards and criteria.

The working group will meet during April to June as part of the new "Compliance Auditing of Reliability Standards for Ontario Market Participants (SE-93)" stakeholder initiative Please see engagement webpage for the draft stakeholder plan and the working group's draft terms of reference for further information, including the desired qualifications for working group membership. Applications to join the working group, as well as comments on the plan, can be sent to engagement@ieso.ca until April 26, 2011.

This stakeholder initiative will gather input for the development of a transparent auditing process that conforms to generally accepted accounting practices and which allows Market Participants to be aware of their roles and responsibilities in the audit process.