market to market (M2M)
Canadian utility SaskPower and SPP have signed a 20-year agreement to more than quadruple transmission capacity between the two entities.
SPP staff added details to a joint proposal with MISO for replacing their affected systems study process with interregional transmission analyses.
MISO and SPP’s inaugural Common Seams Initiatives meeting discussed transmission reconfigurations and the search for interregional transmission projects.
SPP staff are conducting internal discussions on how they manage MISO constraints in the day-ahead market as part of the RTOs’ market-to-market process.
MISO and SPP say this year’s coordinated system plan study will focus on “solutions to historical, persistent congestion issues” on the RTOs’ seam.
SPP’s Board of Directors approved the RTO’s fourth competitive transmission project, awarding a $55 million, 345-kV facility to NextEra Energy Transmission.
An SPP task force out to consolidate transmission planning processes and associated cost-sharing mechanism is just getting started.
SPP’s market-to-market settlements with MISO exceeded $20 million in October for the second time in 12 months.
FERC allowed MISO and SPP to use a predictive flow factor process to correct overlapping congestion charges between the two on pseudo-tied loads and resources.
SPP accrued $21.65 million in market-to-market settlements with MISO during August and September, pushing the total to an all-time high of $183 million.
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