February 22, 2025

Arizona Public Service (APS)

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SPP Secures Funding to Begin Markets+ Phase 2
The RTO said it has received signed Phase 2 funding agreements from eight interested participants in its proposed day-ahead service offering — including the Bonneville Power Administration.
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SPP Sets Deadline for Markets+ Funding Agreements

Financial backers of Phase 2 of SPP’s Markets+ have until Feb. 14 to submit executed funding agreements, the RTO said.

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Arizona Electric Utilities Team Up to Pursue Nuclear
Arizona Public Service, Salt River Project and Tucson Electric Power announced they are jointly exploring the possibility of adding nuclear generation. 
CAISO
WEIM Q4 Benefits Exceed $374M
CAISO's Western Energy Imbalance Market provided participants $374.25 million in benefits during the fourth quarter of 2024, down about 4% from the same period a year earlier, according to an ISO report.
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Ariz. Commissioner Questions Utility Decisions to Join SPP’s Markets+
Arizona Corporation Commissioner Kevin Thompson said he thinks his state’s four major utilities may have erred in committing to joining SPP’s Markets+ instead of CAISO’s Extended Day-Ahead Market.
Powerex
Powerex Commits to Funding, Joining SPP’s Markets+
Powerex says it will fund the next phase of SPP’s Markets+ and “re-affirmed” its commitment to joining the Western real-time and day-ahead offering.
Salt River Project
4 Arizona Utilities Commit to Joining Markets+
The joint announcement by APS, SRP, TEP and UniSource Energy marks a significant win for SPP after a string of victories for CAISO’s competing Extended Day-Ahead Market.
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Amid Praise for Pathways Step 2 Milestone, Skeptics Remain Unmoved
The Pathways Initiative drew praise from many quarters with the vote to approve its “Step 2” proposal, but it was quickly apparent the development will do little to sway Markets+ supporters.
Markets+ Joint Authors using CAISO data
Markets+ ‘Alert’ Covers CAISO’s Dual Roles as Market Operator, BA

CAISO will be inherently compromised in its role as an operator of a deeper Western market because of its conflicting responsibilities as BA within that market, a group of entities that support SPP’s Markets+ argue in their latest “issue alert.”

PNM Resources
PNM Picks CAISO’s EDAM

The New Mexico utility announced its intention to join CAISO’s Extended Day-Ahead Market, extending EDAM’s reach farther into the Desert Southwest in its latest victory over SPP’s Markets+.


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