FERC approved CAISO tariff revisions that will allow transmission owners to recover transmission revenue shortfalls attributed to transitioning their assets into the Extended Day-Ahead Market.
NV Energy intends to join CAISO’s Extended Day-Ahead Market, an official with the utility said, notching a major win for the ISO in its competition with SPP’s Markets+ day-ahead offering in the West.
PacifiCorp said it will sign an implementation agreement to join CAISO’s EDAM, making it the first entity to formally commit to either of the two day-ahead markets being offered in the West.
Reps from two groups that blocked past efforts to “regionalize” CAISO predict success for an upcoming campaign to change California law to allow the ISO to participate in an independent RTO.
CAISO scored simultaneous victories in heavily contested territory after Portland General Electric and Idaho Power both signaled their intent to join the Extended Day-Ahead Market.
The West-Wide Governance Pathways Initiative has secured commitments of financial support from 24 utilities and other electricity-sector organizations and expects that list to grow.
CAISO notched another victory in the competition to bring organized markets to the West when the Los Angeles Department of Water and Power’s oversight board authorized the utility to prepare to join EDAM.
CAISO’s WEIM last year hit $5.05 billion in benefits for its members since its inception in 2014, continuing the positive trend of growth tied to an expanding Western footprint.
Backers of an effort to create the framework for an independent Western RTO know how much money they’ll need to get things off the ground, and they’re seeking funders.
Future historians of the U.S. electricity sector one day might conclude the development of an RTO in the West hinged on two separate but interrelated events occurring on one day in July 2023.
