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February 27, 2026

CAISO/WEIM

The California Independent System Operator serves about 80% of California's electricity demand, including the service areas of the state's three investor-owned utilities. It also operates the Western Energy Imbalance Market, an interstate real-time market covering territory that accounts for 80% of the load in the Western Interconnection.
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FERC Approves CAISO Energy Storage Bid Cost Recovery Changes
FERC approved CAISO’s tariff revisions related to real-time bid cost recovery rules for energy storage resources.
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WPP Stronger After Modernizing, Staff Hires, CEO Says
The Western Power Pool faced “real potential weaknesses” in 2024 due to staff shortages and outdated financial and accounting systems, the organization’s leadership said during their annual member meeting.
Western Power Pool
WRAP Members Align on Key Issues to Prioritize
Members of a key WRAP stakeholder group voted to prioritize three topics of concern as the group continues developing the program aimed at addressing resource adequacy and reliability in the West.
California Energy Commission
Data Centers to Drive Calif. Power Demand, Sales
CAISO peak demand will grow from 48.3 GW in 2024 to about 68 GW in 2040, according to a new forecast that attributes much of the increase to data center load.
CAISO
FERC Approves CAISO’s SWIP-North Development Agreement
FERC approved an agreement between CAISO and LS Power to develop a transmission line that would deliver Idaho wind power into California and could help secure Idaho Power’s participation in the ISO’s Extended Day-Ahead-Market.
Powerex
Powerex Commits to Funding, Joining SPP’s Markets+

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.

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SCE Faces Scrutiny and Risks Amid LA Wildfires
Though no utilities have been blamed for the deadly wildfires in Los Angeles so far, stakeholders cautioned that companies like Southern California Edison are not completely out of the woods and still face financial and legal risk. 
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BPA Not Planning Any Major Resource Acquisitions
BPA is not planning to acquire any major energy resources but is taking steps to ensure it’s ready in case those predictions should change, staff said during a presentation of the agency’s 2024 Resource Program.
California Natural Resources Agency
CEC Workshop to Focus on Impact of Pathways Initiative
The California Energy Commission will hold a workshop to discuss the West-Wide Governance Pathways Initiative, signaling the state may consider a proposal to alter CAISO’s governance structure to accommodate broader concerns about the ISO’s lack of independence from politics.
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Fire Agencies Investigating SCE’s Role in LA Fire, Utility Says
Fire agencies are investigating whether Southern California Edison’s equipment ignited one of the fires currently ravaging Los Angeles, the utility said in a news release.

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