SPP’s Markets+ hit a snag after FERC issued a deficiency letter outlining 16 problems the RTO must address in the tariff it filed for the proposed Western day-ahead market in March.

Order 2222 filings have been contentious in every region, including New England.

PJM transmission owners provided no evidence that they are having difficulty raising capital but insisted the law was on their side in their bid to rate-base network upgrades.

FERC directed PJM’s transmission owners to provide evidence that they are being squeezed financially by their inability to earn a return on network upgrades.