Chelan County PUD
U.S. Army Corps of Engineers
BPA released its draft proposed decision to join SPP’s Markets+, saying that preparations have advanced to a point where it can “move forward with implementation and propose joining Markets+ in October 2028.”
Seattle City Light
Sixteen entities have committed to participating in the Western Resource Adequacy Program’s first financially “binding” season covering winter 2027/28, the Western Power Pool said.
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The Western Power Pool’s WRAP secured enough participants for the program to enter the first binding phase after 11 utilities reaffirmed their commitment.
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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.
SPP
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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FERC’s approval of SPP’s Markets+ funding agreement and its recovery mechanism came as backers of the Western centralized day-ahead market were meeting with the snow-capped Rockies as a backdrop.
U.S. Army Corps of Engineers
BPA will be on the hook for nearly $27 million in funding for the next phase of SPP’s Markets+ — and potentially more depending on the market’s final footprint, according to a document SPP filed with FERC.
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The RTO said it has received signed Phase 2 funding agreements from eight interested participants in its proposed day-ahead service offering — including the Bonneville Power Administration.
Tacoma Public Utilities
Tacoma Power has signed an agreement to join SPP’s Markets+, making the Washington utility the second Pacific Northwest entity to commit to participating in the market in the past month.
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Financial backers of Phase 2 of SPP’s Markets+ have until Feb. 14 to submit executed funding agreements, the RTO said.
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