Application of california ISO transmission economic assessment methodology (team) for the sunrise powerlink project

This paper provides a summary of the application of California ISO approach in evaluating economic benefit of the Sunrise Powerlink transmission project, which was proposed by San Diego Gas & Electric Company (SDG&E). The California ISO (CAISO) applied its Transmission Economic Assessment Methodology (TEAM) in its original evaluation of the economic benefits of the Sunrise Powerlink Project. Five principles constitute the methodology: consideration of multiple perspectives; full network model; market-based pricing, accounting for strategic behavior by generators; considerations of uncertainty; and recognition of non-transmission alternatives (generation/demand side substitution).