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December 5, 2025

Financial Transmission Rights (FTR)

MISO
MISO Agrees with All 4 IMM State of the Market Recs
MISO said all four recommendations in the Independent Market Monitor’s 2024 State of the Market Report are likely viable.
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SPP Awards 8th Competitive Project, 3rd in 2025
SPP’s Board of Directors has awarded its eighth competitive project and third in 2025 under FERC Order 1000, a 345-kV upgrade in the Texas Panhandle.
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Golden Spread to Appeal Rejection of Capacity Assessment Change to Board
Golden Spread Electric Cooperative will again appeal a stakeholder group’s rejection of a proposed tariff change that would pre-emptively determine the amount of load SPP's system can handle without requiring additional network upgrades.
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FERC Ends Show-cause over SPP FTR Changes
FERC terminated a show-cause proceeding against SPP and accepted the RTO’s proposal to revise its collateral requirements for financial transmission rights by including an additional re-marking mechanism for seasonal products.
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ERCOT Technical Advisory Committee Briefs: July 30, 2025
ERCOT says all systems are go — or more specifically, green — and early market trials have been successful as the Real-time Co-optimization plus Batteries project barrels to its Dec. 5 go-live date. 
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SPP MOPC Briefs: July 15-16, 2025
SPP stakeholders resoundingly rejected a proposed tariff change to integrate large loads, pushing back against what some say is a rushed process outside of the normal stakeholder structure.
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MISO Monitor Targets Tx Congestion in State of the Market Report
MISO’s Independent Market Monitor has released four new market improvement recommendations concerning transmission congestion, the Midwest-South transmission link, market-to-market coordination and price settlements after grid devastation.
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Calpine Sees Support for TCC Auction Proposal from NYISO Stakeholders
Calpine came to the NYISO Installed Capacity Working Group with its proposal to create on- and off-peak transmission congestion contract auctions. 
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NYISO Monitor Proposes Changing Congestion Rent Assignments

The NYISO Market Monitoring Unit is proposing to revise the ISO’s net congestion rent assignment process by allocating residuals to transmission owners on an individual facility basis.

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Calpine Proposes Time-varying TCCs at NYISO
Calpine proposed that NYISO split its 24-hour-only transmission congestion contracts into on-peak and off-peak products, arguing it would reduce the cost of congestion hedging by better aligning it with load and generation behavior.

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