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February 24, 2025

Markets

Bonneville Power Administration
In Letter to Senators, BPA Tempers Markets+ Leaning
The Bonneville Power Administration tamped down expectations that it is all in on SPP’s Markets+, clarifying in a recent letter to lawmakers representing Oregon and Washington that it’s still weighing the pros and cons of joining a day-ahead market.
Voltus
Voltus Agrees to $18M Fine to Settle DR Tariff Violations in MISO
FERC authorized another penalty concerning demand response violations in the MISO capacity market, this time approving an $18 million settlement over Voltus reportedly falsifying registrations and overstating capacity from 2017 to 2021.
NYISO
NYISO Publishes Final Capacity Requirements for CY25/26
NYISO presented its final locational minimum installed capacity requirements for the 2025/26 capability year during the Installed Capacity Working Group’s first meeting of 2025.
© RTO Insider LLC
PJM Capacity Market in Flux Going into 2025
PJM heads into 2025 with several proposals before FERC seeking to rework its capacity market and generator interconnection queue, while stakeholders work on an expedited Quadrennial Review of the market and changes to resource accreditation.
The Bonneville Power Administration
BPA Market Decision on Track Despite Calls for Delay
BPA remains on track to issue a decision on which day-ahead market to join by May 2025 despite calls to delay it until fall 2025 to give the agency more time to reconsider its leaning toward SPP’s Markets+.
NYISO
NYISO’s Busy 2025 Begins
NYISO’s early 2025 will likely be dominated by the Reliability Needs Assessment process again, but the year will also bring other issues.
© RTO Insider LLC
ISO-NE in 2025: Capacity Reforms, Tx Solicitation and FERC Orders
ISO-NE’s multiyear effort to overhaul its forward capacity market likely will continue to dominate ISO-NE and NEPOOL work in 2025.
© RTO Insider LLC
Nickell: SPP’s Culture Paves Way for its 2025 Success
New SPP CEO Lanny Nickell says the RTO's corporate culture is its "secret sauce" and the key to its success in 2025 as it tackles the grid of the future and expansion into the Western Interconnection.
© RTO Insider LLC 
How FERC Under Trump Might Advance Energy Affordability in 2025
The direction FERC takes during President-elect Donald Trump’s second term is up in the air, but the commission may spend some of its time attempting to cut costs to consumers.
Shutterstock
Pennsylvania Seeks Lower PJM Capacity Price Cap in FERC Complaint
Pennsylvania Gov. Josh Shapiro filed a complaint with FERC on behalf of the state asking the commission to revise how the maximum clearing price in PJM's capacity auction is determined.

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