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July 13, 2024

Balancing Authority of Northern California (BANC)

Idaho Power
FERC Approves EDAM Tx Revenue Recovery Plan
FERC approved CAISO tariff revisions that will allow transmission owners to recover transmission revenue shortfalls attributed to transitioning their assets into the Extended Day-Ahead Market.
Business Wire
NV Energy Confirms Intent to Join CAISO’s EDAM

NV Energy intends to join CAISO’s Extended Day-Ahead Market, an official with the utility said, notching a major win for the ISO in its competition with SPP’s Markets+ day-ahead offering in the West.

PacifiCorp
PacifiCorp Fully Commits to CAISO’s EDAM

PacifiCorp said it will sign an implementation agreement to join CAISO’s EDAM, making it the first entity to formally commit to either of the two day-ahead markets being offered in the West.

West-Wide Governance Pathways Initiative
Past Opponents Now See Legislative Pathway to CAISO Regionalization
Reps from two groups that blocked past efforts to “regionalize” CAISO predict success for an upcoming campaign to change California law to allow the ISO to participate in an independent RTO.
© RTO Insider LLC
CAISO’s EDAM Scores Key Wins in Contested Northwest
CAISO scored simultaneous victories in heavily contested territory after Portland General Electric and Idaho Power both signaled their intent to join the Extended Day-Ahead Market.
West-Wide Governance Pathways Initiative
Pathways Initiative Discloses Funders, Reiterates Goals
The West-Wide Governance Pathways Initiative has secured commitments of financial support from 24 utilities and other electricity-sector organizations and expects that list to grow.
LADWP
LADWP Poised to Join CAISO Day-ahead Market After Board OK

CAISO notched another victory in the competition to bring organized markets to the West when the Los Angeles Department of Water and Power’s oversight board authorized the utility to prepare to join EDAM.

CAISO
WEIM Ends 2023 Exceeding $5B in Benefits
CAISO’s WEIM last year hit $5.05 billion in benefits for its members since its inception in 2014, continuing the positive trend of growth tied to an expanding Western footprint.
© RTO Insider LLC
Western Pathways Initiative Sets Budget, Seeks Funders
Backers of an effort to create the framework for an independent Western RTO know how much money they’ll need to get things off the ground, and they’re seeking funders.
© RTO Insider LLC
West Entered Pivotal Period for RTO Development in 2023

Future historians of the U.S. electricity sector one day might conclude the development of an RTO in the West hinged on two separate but interrelated events occurring on one day in July 2023.


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