• FERC Approves Enhanced Wholesale Electricity Market for the Southwest Power Pool
  • October 29, 2012 | Author: William L. Massey
  • Law Firm: Covington & Burling LLP - Washington Office
  • At its recent public meeting, the FERC approved an enhanced “Day 2” design for the Southwest Power Pool (SPP), the organized wholesale electricity market that operates in nine states in the south central region of the U.S. SPP’s new market features should improve operational efficiency and reliability, provide a level playing field for all participants, offer an improved price basis for bilateral contracts and hedging instruments, and enhance the integration of variable generation facilities in a region that is rich in wind resources.