CARMEL, Ind., Nov. 15, 2011 /PRNewswire/ -- Today, John R. Bear, President and CEO of MISO, issued the following statement regarding Entergy New Orleans filing with the New Orleans City Council:
"Today's filing by Entergy New Orleans is another important step forward in making sure the company's customers receive the benefits of joining the MISO market.
"Those benefits are clear. Entergy's full integration into MISO will reduce customers' costs, while also providing the type of planning and infrastructure upgrades necessary to improve reliability and increase efficiency in the Entergy system.
"We expect to file our testimony in the next few weeks, which will help provide the City Council the information they need to make its decision."
MISO ensures reliable operation of, and equal access to high-voltage power lines in 12 U.S. states and the Canadian province of Manitoba. MISO manages one of the world's largest energy markets, clearing more than $27 billion in energy transactions in 2010. MISO was approved as the nation's first regional transmission organization in 2001. The non-profit 501(C)(4) organization is governed by an independent Board of Directors and is headquartered in Carmel, Ind., with operations centers in Carmel and St. Paul, Minn. Membership in the organization is voluntary.