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Southwest Power Pool history
Southwest Power Pool company history timeline
SPP was founded in 1941 when 11 regional power companies pooled their resources to keep Arkansas’ Jones Mill powered around the clock in support of critical, national defense needs.
The Federal Energy Regulatory Commission (FERC) approved SPP as a Regional Transmission Organization in 2004.
Since the marketplace launched in 2014, it has reduced the cost of electricity in our region by more than $4.2 billion, providing market participants hundreds of millions of dollars in net savings annually.
SPP expanded its RTO operations in 2015 to serve all or parts of 14 states.
In 2019, it launched the first of its Western Energy Services, Western Reliability Coordination, expanding its service territory to encompass parts of 17 states.
The total savings and benefits achieved by SPP’s members in 2020 was $2.137 billion, compared to $155.3 million in net revenue requirement costs, a benefit-to-cost ratio of 14-to-1.
The total savings and benefits achieved by SPP’s members in 2021 was $2.696 billion, compared to $149.0 million in net revenue requirement costs, a benefit-to-cost ratio of 18-to-1.
The Western Energy Imbalance Service (WEIS) Market launched in 2021 provides customers in the Western Interconnection the benefits of a real-time balancing market.
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Southwest Power Pool competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| AVANGRID | 1852 | $8.3B | 7,000 | 2 |
| NiSource | 1912 | $5.5B | 8,363 | 79 |
| Madison Gas and Electric | 1855 | $676.9M | 731 | 5 |
| El Paso Electric | 1901 | $862.0M | 1,100 | - |
| Energy Transfer Solutions | 2003 | $8.5M | 75 | 5 |
| Black Hills | 1941 | $291.2M | 3,011 | 54 |
| Unitil | 1984 | $473.3M | 520 | 4 |
| Cenergy International Services | 1996 | - | 840 | - |
| The Williams Companies | 1908 | $10.5B | 5,425 | 232 |
| Duke Energy | 1904 | $30.4B | 27,535 | 125 |
Southwest Power Pool history FAQs
Zippia gives an in-depth look into the details of Southwest Power Pool, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Southwest Power Pool. The employee data is based on information from people who have self-reported their past or current employments at Southwest Power Pool. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Southwest Power Pool. The data presented on this page does not represent the view of Southwest Power Pool and its employees or that of Zippia.
Southwest Power Pool may also be known as or be related to SOUTHWEST POWER POOL INC, Southwest Power Pool, Southwest Power Pool Inc and Southwest Power Pool, Inc.