SPP has rolled out the governance structure that will oversee the first developmental phase of Markets+, its day-ahead and real-time market in the West.

SPP has executed funding agreements with eight Western Interconnection entities for the first phase of its Markets+ market, accelerating its development.

Nearly a dozen utilities committed to joining the “binding” iteration of the Western Resource Adequacy Program, with more expected to sign on later this month.

The proposed governance structure for SPP's Markets+ service offering and resource adequacy are two key differences with CAISO's RTO proposal.

FERC Chair Richard Glick made his first in-person visit to SPP’s headquarters last week, joining stakeholders for their regular quarterly governance meeting.

Seven Western entities have now expressed support for participating in the next phase of SPP's market development in the Western Interconnection.

A group of Western utilities plans to help SPP develop its Markets+ program in the West and to examine the benefits of joining it or CAISO's day-ahead market.

NWPP took its first steps implementing its Western Resource Adequacy Program, allowing participants to submit resource data for a “nonbinding” phase.

The Northwest Power Pool will have to restructure its governance to obtain FERC approval for its proposed resource adequacy program, representatives said.