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Markets+, the Southwest Power Pool’s western day-ahead and real-time market, reached a major milestone this week as it entered the second phase of development, backed by secured financing to cover the $150 million needed for full market implementation.
City Utilities of Springfield, Mo., will save customers approximately $1.3 million each year by refunding its revenue bonds and issuing new bonds at a lower interest rate, the public power utility said on June 27.
New Jersey Assembly Democrats recently introduced legislation that would direct the New Jersey Board of Public Utilities to work with neighboring states to explore alternatives to the PJM Interconnection’s capacity and transmission market.
An official with the North American Electric Reliability Corp. on June 26 provided details on the April 2025 blackout that affected Spain and Portugal, with the official saying that the North American grid has already implemented measures to mitigate against the issues that caused the Iberian Peninsula Blackout.
The National Renewable Energy Laboratory has developed a Procurement Analysis Tool (PAT) that it said can help energy buyers cut through the complexity with data-driven insights tailored to their needs.
The National Electrical Manufacturers Association on June 25 said it has “developed a clear, consensus-based blueprint that helps utilities and manufacturers implement interoperable, efficient, and scalable digital substations."
Electricity demand in the PJM Interconnection and ISO New England reached multiyear highs on June 23 and June 24, respectively, the Energy Information Administration said on June 27. Electricity demand increased significantly due to a heat wave that affected most of the Eastern United States the week of June 23.
The Federal Energy Regulatory Commission has accepted ISO New England’s recently proposed improvements to the economic study process, which will help identify and avoid future transmission congestion costs through targeted upgrades.