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SPP and Member Utilities Successfully Achieve Western Expansion Milestone

LCG, April 2, 2026--Southwest Power Pool (SPP) today announced that the expansion of its service territory into the Western Interconnection has been a success. The milestone makes SPP the first regional transmission organization (RTO) with services spanning the Eastern and Western Interconnections. Its member organizations, which cover all or part of 17 states, can now benefit from a more operationally and geographically diverse integrated system.

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Holtec Achieves Milestone towards Restarting Palisades Nuclear Facility and Advances Plans to Build Two SMRs at Palisades Site

LCG, March 31, 2026--Holtec International yesterday announced that it successfully completed a milestone test necessary to return Holtec's Palisades Nuclear Generating Station to service. The 805-MW pressurized water reactor (PWR) is located in Michigan and was shut down by Entergy in May 2022. Holtec acquired the facility in June 2022 and has pursued a path to return the plant to service.

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Industry News

GAO Study Reveals CA Market Abuse

LCG, July 17, 2002-The U.S. General Accounting Offices released a study on Tuesday which found that California's flawed market design allowed electricity suppliers to charge unreasonably high prices during the crisis of 2000/2001.

The GAO study showed that frozen retail electricity rates kept demand high, and the California Public Utilities Commission's dissuasion of long-term contracts left utilities vulnerable to spot market prices. This situation allowed those selling power to hold out on sales until utilities were frantic to buy and had to pay higher prices than would result in a proper competitive market.

The study did show that prices at that time should have been above average due to low rainfall and limited reserves, but the actual prices during the electricity crisis were higher than would have come to pass in a properly executed market.

The GAO also said that price caps did not prevent high prices because they did not apply to other Western states and that companies buying power had no ability to mitigate steep prices because of faulty market design.

Another GAO report released earlier this month concluded that the Federal Energy Regulatory Commission did not have sufficient authority in controlling and policing electricity markets.

The Federal Energy Regulatory Commission is still investigating possible Western electricity market manipulation, and the Securities and Exchange Commission and the Commodity Futures Trading Commission are also investigating specific companies' market practices.
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