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SPP's Western Expansion Set for Implementation on April 1

LCG, March 13, 2026--The Southwest Power Pool (SPP) announced yesterday that leaders from the participating organizations voted unanimously to proceed as planned with expanding its regional transmission organization (RTO) services into the Western Interconnection. SPP sees the decision to proceed as planned as a strong signal of confidence as SPP and its partner utilities prepare for this key milestone, which will occur overnight between March 31 and April 1.

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Entergy Estimates Customer Savings of $5B from "Fair Share Plus" Data Center Agreements

LCG, March 6, 2026--Entergy yesterday announced approximately $5 billion in total savings for 2.3 million customers in Arkansas, Louisiana and Mississippi resulting from data center customer agreements in those states. Entergy, which completed its first data center customer agreement in 2024, projects the customer savings over the next 20 years and after the regulatory approval or acknowledgement of the public service commissions in those states.

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Industry News

PJM Completes Financial Transmission Right Auction

LCG, May 23, 2003--The PJM Interconnection announced that it has finalized annual auctions of financial transmission rights for the first time, allowing customers to choose among 24-hour, on-peak and off-peak FTR's.

The auction included the offering of all FTR's on the regional transmission organization's system. When a market participant holds an FTR and does not exceed the reserved transmission service with its deliveries, it can receive a rebate for congestion charges. An option was also introduced, to negate risk that arises when congestion is created in the direction opposite that of the FTR. A holder of a FTR can be charged for any congestion charges in these cases. The revenues and charges will rise and fall according to differences in locational marginal prices across a transmission path due to congestion.

The auction process was initiated following the allocation of auction revenue rights (ARR's) to firm transmission service customers. The allocation takes place on the basis of any shifts among retail choice customers, and according to ARR holders' preference between receiving revenues from the FTR auction or converting an ARR into an FTR.

The auction resulted in revenue of $345 million, through four rounds held between April and May, with 600,000 bids cast for 55,000 megawatts of FTR's, including the option product. Remaining FTR's will be auctioned off on a monthly basis.
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