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SPP Receives FERC Approval to be First RTO Operating in Both Eastern and Western Interconnections

LCG, March 205, 2025--The Southwest Power Pool (SPP) today announced it will soon be the first regional transmission organization (RTO) in the nation to provide full services in both the Eastern and Western Interconnections of the U.S. power grid. On March 20, the Federal Energy Regulatory Commission (FERC) unanimously approved Southwest Power Pool’s amended tariff that includes provisions that enable Western members to join the RTO. The expansion of the SPP RTO is scheduled to go live April 1, 2026.

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LCG Publishes Updated 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, March 20, 2025 – LCG Consulting (LCG) has released a second edition of its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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Industry News

RGGI CO2 Auction Price Exceeds $3/ton

LCG, September 30, 2008--The ten, northeast states participating in the Regional Greenhouse Gas Initiative (RGGI) yesterday announced that the auction of carbon dioxide (CO2) emissions allowances held on September 25, 2008 were sold at a clearing price of $3.07 per allowance. All of the 12,565,387 allowances offered for sale were sold.

The ten states participating in RGGI, a cap-and-trade program designed to reduce greenhouse gases, are Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Hampshire, New York, Rhode Island and Vermont. The RGGI program goals include CO2 emissions held to a capped target through 2014, after which the cap is reduced by 2.5 percent annually through 2018 to achieve a 10 percent reduction in CO2 emissions.

Proceeds from the auction totaled over $38 million, which will be shared by the six states - Connecticut, Maine, Maryland, Massachusetts, Rhode Island and Vermont - participating in the initial auction. These states plan to use the funds for energy efficiency and renewable energy technologies to benefit energy consumers.

Another CO2 allowance auction is scheduled to occur on December 17, 2008. RGGI plans quarterly auctions during the first three-year compliance period, which runs from January 1, 2009 to December 31, 2011.
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