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July 8, 2024

CAISO/WEIM

The California Independent System Operator serves about 80% of California's electricity demand, including the service areas of the state's three investor-owned utilities. It also operates the Western Energy Imbalance Market, an interstate real-time market covering territory that accounts for 80% of the load in the Western Interconnection.
CAISO
Western EIM Tops $2B in Benefits
CAISO's Western Energy Imbalance Market surpassed $2 billion in total member benefits only 20 months after hitting the $1 billion mark in 2020.
Shutterstock
Sellers Urge FERC to Raise WECC Soft Price Cap
FERC ordered six more entities to refund the premiums they earned from sales into CAISO during the severe heat wave of August 2020.
© RTO Insider LLC
FERC Reverts to Plan B on CAISO Capacity Procurement Mechanism
FERC reversed a decision that allowed CAISO to include an adder in the formula for offers that exceed the soft cap for its capacity procurement mechanism.
Ormat
NV Energy Issues Solicitation for New Renewables
NV Energy is seeking proposals for renewable energy projects to add to its portfolio, including solar, hydroelectric, geothermal, wind, biomass or biogas.
Elect Karen Fann
In Passing Bill to Kill Competition, Arizona Lawmakers Rekindle Idea
The Arizona legislature passed a bill that would close the door to electric retail competition, but lawmakers said the conversation on deregulation isn't over.
FERC Asks RTOs for Plans on Changing Market Needs
FERC ordered CAISO, ISO-NE, MISO, NYISO, PJM and SPP to report on how system needs are changing with their shifting resource mixes and how they will meet them.
ABB Power Grids Velocity Suite
Higher Prices, Longer Queues Highlight FERC Market Report
Rising natural gas prices and extreme weather pushed wholesale electricity prices higher in 2021, FERC said in its annual State of the Markets report.
Shutterstock
FERC Tells PacifiCorp to Refund Premiums
FERC ordered PacifiCorp to refund premiums it received for sales above WECC's soft price cap of $1,000/MWh during the severe Western heat wave of August 2020.
PacifiCorp
FERC Opens Probes on Western Transmission Rate Protocols
FERC challenged the transmission formula rate protocols of five Western utilities, saying they lack sufficient transparency and customer protections.
Entergy
Federal Aid Likely Too Late to Save Palisades, Diablo Canyon Nukes
The Department of Energy’s lifeline to struggling nuclear generators appears unlikely to save the next three units scheduled to retire.

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