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December 9, 2025

Markets+

NorthWestern Energy
Black Hills-NorthWestern Merger Could Reshape Western Market Map

The proposed merger between Black Hills Corp. and NorthWestern Energy likely will reshape the map in the competition between CAISO’s Extended Day-Ahead Market and SPP’s Markets+ — but it’s still too early to know where new boundaries will be drawn.

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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.
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.
SPP
Colo. PUC Approves PSCo’s Markets+ Participation
The Colorado PUC voted to approve Public Service Company of Colorado's plans to join SPP’s Markets+, with commissioners split on whether the move is a step toward or away from full RTO participation.
Colorado PUC
Colorado Commissioners Spar Over PSCo’s Markets+ Choice
Members of the Colorado PUC expressed differing opinions on whether PSCo joining Markets+ would be in the public interest.
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WRAP Task Force Explores Optimization Under Day-ahead Markets
A new task force will examine how the WPP’s WRAP can continue to operate efficiently under the new multimarket environment emerging in the West.
Andre m, CC BY-SA 3.0, via Wikimedia Commons
Calif. Pathways Bill Delayed After Orgs Withdraw Support, While Newsom Signals Backing for Effort
The author behind the bill that would allow CAISO to relinquish market governance to an independent RO has delayed a hearing after several organizations withdrew support for the proposed legislation.
The Bonneville Power Administration
BPA Sued in 9th Circuit over Day-ahead Market Decision
A group of environmental organizations sued the Bonneville Power Administration in the 9th Circuit Court of Appeals over the agency’s decision to join SPP’s Markets+ instead of CAISO’s Extended Day-Ahead Market.
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‘Islanded’ BAs Face Tough Choices in Western Market Future, Experts Say
Although one of the aims of day-ahead markets in the West is to fix a fragmented transmission landscape, some islanded entities will have a tough time navigating seams issues likely to arise as markets take shape, analysts at Aurora Energy Research said during a webinar.
SPP
SPP Launches Markets+ Phase 2 With $150M Secured
SPP secured $150 million in financing and entered the second phase of development for its day-ahead market Markets+, the grid operator announced.

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