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February 2, 2026

Markets

ISO-NE
NEPOOL Nears Vote on 1st Phase of ISO-NE Capacity Auction Reforms

ISO-NE presented the final design details and tariff changes for the first phase of its Capacity Auction Reforms project in preparation for a stakeholder vote in October.

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SPP, Stakeholders Kick off Markets+ Phase 2 Development
The development of SPP's Markets+ has picked up the pace with stakeholders agreeing on an interim governance structure and representation on the working groups that will handle much of the effort ahead.
Bechtel
Members Say MISO RA Better off Under Seasonal Capacity Auctions, Sloped Curve
MISO members largely agreed that MISO’s new capacity auction structure — featuring individual seasonal auctions and a sloped demand curve — is better for the health of the system.
DOE
BPA Supported by Trade Orgs in Suit over Day-ahead Market Decision
Trade organizations for utilities and large energy consumers seek to intervene in the lawsuit filed in the 9th Circuit Court of Appeals challenging the Bonneville Power Administration’s decision to join SPP’s Markets+ instead of CAISO’s EDAM.
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PJM MIC Briefs: Aug. 6, 2025
PJM presented a first read on a proposal to cap resources committed ahead of the day-ahead market at their cost-based offer, and the committee endorsed an expansion of an offer capping issue charge.
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July Heat Wave Update, PJM OC Briefs: Aug. 7, 2025

PJM’s Kevin Hatch presented an update on how two heat waves between July 14-17 and 23-30 affected PJM operations, which involved multiple demand response deployments and emergency alerts and advisories.

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Interim Deliverability Proposal, PJM PC/TEAC Briefs: Aug. 5, 2025
To increase its energy supplies, PJM proposes expanding its process for allowing new resources to inject onto the grid while their required network upgrades are being completed, allowing a unit to operate partially.
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FERC Independence Likely Coming to an End with Christie’s Exit
The departure of Mark Christie as chair of FERC likely signals the end of the agency's longstanding independence.
NYISO
NYISO Stakeholders Concerned About Lack of Data on Supplemental Commitments
Stakeholders requested the NYISO Market Monitoring Unit provide an explanation of the difficulties in obtaining data from the ISO and market participants on supplemental commitments after it presented its State of the Market report for the first quarter.
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PJM Board Initiates CIFP Addressing RA, Large Loads
The PJM Board of Managers initiated a Critical Issue Fast Path process aimed at maintaining resource adequacy in the face of rising data center load growth, asking stakeholders to draft proposals to serve 32 GW of load growth expected by 2030.

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