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Electric utilities

Federal Energy Regulatory Commission Issues Delegated Order on Market-Based Rate Authorization for Southwestern Public Service Company

Strategic Insights

— 1 min read

The Federal Energy Regulatory Commission has issued a delegated order on market-based rate authorization for Southwestern Public Service Company. According to the order, Southwestern Public satisfies the Commission's requirements for market-based rate authority regarding both horizontal and vertical market power. The company must file Electric Quarterly Reports with the Commission and timely report any changes in status that would reflect a departure from the characteristics relied upon in granting market-based rate authority.

Key Takeaways:

  • Southwestern Public Service Company has been granted market-based rate authority by the Federal Energy Regulatory Commission.
  • The company satisfies the Commission's requirements for market-based rate authority regarding horizontal and vertical market power.
  • Southwestern Public must file Electric Quarterly Reports with the Commission and timely report any changes in status that would reflect a departure from the characteristics relied upon in granting market-based rate authority.
  • The company must comply with the reporting requirements as set forth in Orders Nos. 20015 and 768.
  • The delegating order was issued by Steven T. Wellner, Director, Division of Electric Power Regulation - West, on February 4, 2022.
  • Southwestern Public represents that the company owns or controls approximately 8,062 MW of generation capacity in the Southwest Power Pool market.
  • The company's analysis of the SPP region relies on SIL values prepared by SPP for the December 2018-November 2019 study period, which were accepted by the Commission.

Statistics:

  • Southwestern Public owns or controls approximately 8,062 MW of generation capacity in the Southwest Power Pool market.
  • The company's analysis of the SPP region relies on SIL values prepared by SPP for the December 2018-November 2019 study period.
  • The accepted SIL values for the SPP region are: Winter 0 MW; Spring 0 MW; Summer 0 MW; and Fall 0 MW.

Sources:

  • Federal Energy Regulatory Commission, "Delegated Order," Docket No. ER10-1817-024, February 4, 2022.
  • Southwestern Public Service Company, "Market Power Analysis for the Southwest Power Pool Region," Filed June 30, 2021, and October 20, 2021.
  • Southwest Power Pool, "Informational Filing," Docket No. AD10-2-014, Filed June 28, 2021, and September 21, 2021.
  • Federal Energy Regulatory Commission, "Order No. 816," 153 FERC P 61,065, (2015).

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