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March 26, 2025

SPP Markets+

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BPA Workshop Leaves Little Room to Probe Markets+ Decision
The Bonneville Power Administration’s first day-ahead markets workshop since issuing the draft policy stating its intention to join SPP’s Markets+ left little opportunity for critics to probe agency officials about the decision.
The Brattle Group
NM Regulators Poke Assumptions Behind EPE’s Markets+ Choice
A recent study that contributed to El Paso Electric’s decision to join SPP’s Markets+ rather than CAISO’s Extended Day-Ahead Market has raised questions among New Mexico regulators.
El Paso Electric
EPE’s Markets+ Decision ‘Not Transparent,’ NM Regulators Say

A New Mexico Public Regulation Commission workshop aimed to restore trust between the commission and El Paso Electric after the utility’s surprise announcement in January that it planned to join SPP’s Markets+.

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BPA Selects SPP Markets+ in Draft Policy
The Bonneville Power Administration announced it intends to join SPP’s Markets+, saying in its draft policy that the day-ahead market “is the best long-term strategic direction for Bonneville, its customers and the Northwest.”
Seattle City Light
Seattle City Light, Others Urge BPA to Pause Day-ahead Decision
The Bonneville Power Administration should remain in CAISO’s WEIM and hold off on joining a day-ahead market, Seattle City Light and other Northwest parties urged in a letter sent to BPA CEO John Hairston.
U.S. Army Corps of Engineers
BPA Markets+ Phase 2 Bill Could Reach $27M — or More
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.
SPP
PSCo Seeks to Join SPP’s Markets+
Public Service Company of Colorado asked the Colorado Public Utilities Commission for permission to join SPP’s Markets+.
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Pathways ‘Step 2’ Bill Sets Conditions for EDAM Governance
The language for the proposed bill to implement “Step 2” of the West-Wide Governance Pathways Initiative stipulates the conditions under which CAISO and California utilities can participate in energy markets governed by an independent regional organization.
U.S. Army Corps of Engineers
2 Top BPA Execs to Depart; Army Corps of Engineers also Faces Massive Cutbacks
The resignations of COO Joel Cook and Senior Vice President of Transmission Richard Shaheen are the latest in a series of unsettling developments at the federal power agency.
NW Energy Coalition
Brevity Should be Key for Pathways ‘Step 2’ Bill, Supporters Say
The deadline to submit bills for California’s 2025 session is looming, and backers of the West-Wide Governance Pathways Initiative expect legislation without unnecessary fluff that will change CAISO’s governance structure and allow a new regional organization to oversee Western energy markets.

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