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December 5, 2025

SPP Markets+

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FERC Report Urges West to Address Looming Market Seams Issues
A new FERC report adds to the growing body of work showing the complexity of confronting the seams issues likely to arise between the West’s two day-ahead markets when compared with challenges at the borders between RTOs and ISOs in the Eastern U.S.
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BPA Looks to Fill 155 Positions After Hiring Freeze
The Bonneville Power Administration has resumed hiring after workforce reductions and a federal hiring freeze earlier in 2025.
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Nonprofits Ask 9th Circ. to Vacate BPA’s ‘Shocking’ Day-ahead Market Decision
A group of nonprofits suing BPA said its decision to join SPP’s Markets+ instead of CAISO’s EDAM “violated clear mandates from Congress.”
Seattle City Light
WRAP Wins Commitments from 16 Entities

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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PacifiCorp Next to Leave WRAP After Raising Concerns
PacifiCorp joins other utilities leaving the Western Power Pool’s Western Resource Adequacy Program just before the deadline to commit to the program’s first binding phase.
Portland General Electric
PGE to Explore Alternatives After Withdrawing from WRAP
PGE is exploring an alternative to the Western Power Pool’s Western Resource Adequacy Program that better suits its upcoming participation in CAISO’s Extended Day-Ahead Market, the utility told Oregon regulators.
Camerafiend, CC BY-SA-3.0 via Wikimedia Commons
4 Entities Join NV Energy in Exiting WRAP, While Idaho Power Commits

Calpine, Eugene Water & Electric Board, PGE and PNM joined NV Energy in leaving the Western Resource Adequacy Program, while Idaho Power signaled its continued commitment.

New Mexico PRC
PNM Accounting Request Revives EDAM vs. Markets+ Debate
State regulators approved an accounting order for Public Service Company of New Mexico’s participation in CAISO’s Extended Day-Ahead Market, in a case that rekindled the debate over which day-ahead market PNM should choose. 
JIRSA Hedrick
Split Colo. PUC Approves Xcel Energy’s Markets+ Application
The Colorado PUC issued a split decision approving Public Service Company of Colorado’s application to join SPP’s Markets+, finding that market participation is in the public interest and will “provide a number of benefits.”
Moonwater Capital
NV Energy to Withdraw from WRAP
NV Energy notified the Public Utilities Commission of Nevada that it plans to leave the Western Power Pool’s Western Resource Adequacy Program, citing five critical issues with the program’s design.

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