Company Market Research Report: Southwest Power Pool, Inc. (SPP)

Company Overview

• Name: Southwest Power Pool, Inc. (SPP)

• Mission: Working together to responsibly and economically keep the lights on today and in the future. SPP emphasizes the power of relationships with its members and stakeholders to deliver electricity reliably and affordably.

• Founded: No information is available.

• Founders: No information is available.

• Key People:

• Barbara Sugg: President and CEO (announced retirement in April 2025)

• Sunny Raheem: Director of System Planning for the Engineering Department, effective July 16, 2024

• Headquarters: 201 Worthen Drive, Little Rock, Arkansas, USA

• Number of Employees: No information is available.

• Revenue: The total savings and benefits achieved by SPP’s members in 2023 was $3.62 billion.

• Notability: SPP is known as a regional transmission organization that ensures reliable power supply, adequate transmission infrastructure, and competitive wholesale electricity prices. It operates as a nonprofit corporation under the Federal Energy Regulatory Commission.

Products and Services

• Regional Transmission Organization (RTO) Services:

• SPP manages the electric grid and wholesale power market for the central United States, ensuring electric reliability across a multistate region.

• Provides energy services on a contract basis to customers in the Eastern and Western Interconnections.

• Expanding its RTO services and developing a day-ahead energy market in the west.

• Transmission Infrastructure Projects:

• Between 2015 and 2019, SPP’s members placed $3.4 billion in new transmission projects benefiting the region with an expected $27.2 billion in benefits over the next 40 years.

Recent Developments

• October 2024:

• SPP is forming a pool of industry experts to assess competitive transmission project proposals.

• Stakeholders voted in support of a $7.7 billion portfolio of transmission investments to address reliability needs and improve infrastructure.

• Celebrated 20 years as an RTO, with more than $3.6 billion in annual benefits achieved.

• September 2024:

• Announced multiple promotions to director- and executive-level roles and retirement of an industry veteran.

• August 2024:

• Issued and subsequently ended an Energy Emergency Alert 1 due to high temperatures, with continued conservative operations due to tightened electric reliability conditions.

• Barbara Sugg announced her retirement, with a new CEO to be named before her departure.

• Board approved new planning reserve margins to ensure grid reliability during high demand in winter and summer.

• July 2024:

• Federal Energy Regulatory Commission requested additional information regarding SPP’s Markets+ tariff filing, and SPP is coordinating responses.

• Sunny Raheem appointed as Director of System Planning, Engineering.

Note: No specific product features, newly launched products, or detailed descriptions were mentioned in the data available.

This report is compiled based on the data provided, and some fields may not have complete information due to data unavailability.