Tucson Electric Power (TEP)
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.
Financial backers of Phase 2 of SPP’s Markets+ have until Feb. 14 to submit executed funding agreements, the RTO said.
Powerex says it will fund the next phase of SPP’s Markets+ and “re-affirmed” its commitment to joining the Western real-time and day-ahead offering.
CAISO will be inherently compromised in its role as an operator of a deeper Western market because of its conflicting responsibilities as BA within that market, a group of entities that support SPP’s Markets+ argue in their latest “issue alert.”
The New Mexico utility announced its intention to join CAISO’s Extended Day-Ahead Market, extending EDAM’s reach farther into the Desert Southwest in its latest victory over SPP’s Markets+.
Responding to an appellate court’s concerns about free ridership, FERC reversed a decision that allowed the WestConnect transmission planning region to include a category of participants not subject to binding cost allocation.
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