California (CAISO)

About This Market

This market resolves "Yes" if the California Independent System Operator (CAISO), which operates the electric grid serving most of California, declares a NERC Energy Emergency Alert at Level 2 (EEA-2) or Level 3 (EEA-3) at any point from this market's creation through 11:59 PM PT on September 30, 2026. A lower EEA-1 declaration does not qualify. A declaration qualifies as long as it happened before the deadline, even if it is only documented or reported afterward. A DOE Section 202(c) emergency order is not a NERC EEA declaration and does not qualify. Because Energy Emergency Alerts are federally reportable, a qualifying declaration is also verifiable through mandatory NERC or U.S. Department of Energy records (DOE Form OE-417, published at https://www.oe.netl.doe.gov/oe417.aspx) even if no other source captures it. The declaration will be confirmed by any official CAISO communication — its newsroom (https://www.caiso.com/about/news), market notices, or real-time system-condition (Today's Outlook) postings — or by credible national news reporting. It qualifies as long as the declaration itself happened before the deadline, even if it is only documented or reported afterward. Otherwise, this market resolves "No".