The stars may not yet have aligned for CAISO in the contest to bring an organized electricity market to the West, but key industry players appeared to be doing just that at an ISO event to celebrate the progress of its Extended Day-Ahead Market.

CAISO scored a potentially important victory when the Balancing Authority of Northern California said it will pursue membership in the ISO’s Extended Day-Ahead Market — and not SPP’s Markets+.

BPA proposed to hold its rates mostly flat over its next two-year rate cycle — and said it might cut rates this year — thanks to surging revenues.