Salt River Project (SRP)
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.
Financial backers of Phase 2 of SPP’s Markets+ have until Feb. 14 to submit executed funding agreements, the RTO said.
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.
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.”
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+.
Markets+ proponents argue that the SPP framework allows more flexibility for integrating greenhouse gas emission reduction programs across various states than CAISO’s EDAM.
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