Los Angeles Department of Water and Power (LADWP)
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.
California ratepayers would save millions more in a CAISO Extended Day-Ahead Market encompassing nearly all the West than in one that includes only those utilities likely to join the market, according to a new Brattle Group study.
The rapidly spreading brush fires that have devastated multiple communities around Los Angeles are not expected to affect California’s broader transmission grid, CAISO said.
CAISO, California and other parts of the West head into 2025 with a heavy load of priorities: implementing EDAM, developing the infrastructure needed to meet ambitious climate goals, and moving forward with new and continuing initiatives to address some of the ISO’s biggest challenges.
The Los Angeles Board of Water and Power Commissioners gave the go-ahead for LADWP to join CAISO’s EDAM, in a move expected to increase the utility’s annual net revenue by almost $40 million.
Powerex intends to terminate a large portion of its rights on PacifiCorp’s transmission system in response to the utility’s plans to update its transmission tariff to align with CAISO’s EDAM.
PacifiCorp is poised to realize up to $359 million a year in net benefits from participating in CAISO’s EDAM, nearly double a previous estimate, according to a newly updated study by The Brattle Group.
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.
CAISO’s first-quarter benefits report offers another footnote to the debate over the market’s role in the response to the January deep freeze that brought parts of the Northwest to the brink of rolling blackouts.
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