FERC’s approval of SPP’s Markets+ funding agreement and its recovery mechanism came as backers of the Western centralized day-ahead market were meeting with the snow-capped Rockies as a backdrop.
FERC approved the non-rate terms of SunZia Transmission’s proposed transmission owner tariff but sent the tariff’s non-subscriber usage rate to a settlement process and potential hearing.
BPA will be on the hook for nearly $27 million in funding for the next phase of SPP’s Markets+ — and potentially more depending on the market’s final footprint, according to a document SPP filed with FERC.
Arizona Public Service, Salt River Project and Tucson Electric Power announced they are jointly exploring the possibility of adding nuclear generation.
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.
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.
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.”
