CARMEL, Ind., Dec. 13, 2012 /PRNewswire/ -- MISO's Board of Directors today approved seven new transmission-owning members, as well as a new transmission planning portfolio. These key initiatives strengthen the value realized by all MISO stakeholders and allow for the continued delivery of least-cost energy to consumers.
The Board approved seven transmission-owning applications. The addition of six Entergy utility operating companies along with South Mississippi Electric Power Association (SME) ensures MISO's delivery of value driven by scope and scale.
"We are pleased to welcome both Entergy and its operating companies along with South Mississippi Electric Power Association to MISO," said Steve Kozey, Senior Vice President, Legal & Compliance Services. "Their membership will allow for further enhancement of the measurable benefits realized through MISO's proven Value Proposition."
Full integration of Entergy and SME is planned for December 2013. In other action, the Board also approved the following:
- MTEP12: The Board unanimously approved the MISO Transmission Expansion Plan, or MTEP12, which is comprised of 242 stakeholder-driven projects that will maintain system reliability, improve market efficiency and allow the reliable integration of new generation resources.
"We appreciate the input and support received from our entire stakeholder community, which allows us to recommend cost-effective and innovative solutions to modernize an aging infrastructure while delivering reliable, economic energy," said Clair Moeller, Executive Vice President, Transmission & Technology.
- 2013 budget: The board approved a $186.2 million base operating budget, which reflects MISO's continued commitment to minimizing costs while managing growth and adding value for its members. For 2013, MISO projects a 5% reduction in rates.
- Bylaws modification: The Board also approved a change in bylaws to reflect MISO's recognition of the important role the Organization of MISO States (OMS) has in MISO's open and transparent stakeholder process. In particular, the OMS provides valuable input in MISO's regional planning process and protocols. Those protocols are defined in Attachment FF of the MISO tariff, currently pending acceptance by the Federal Energy Regulatory Commission.
MISO ensures reliable operation of, and equal access to high-voltage power lines in 11 U.S. states and the Canadian province of Manitoba. MISO manages one of the world's largest energy markets, with more than $23.6 billion in annual gross market energy transactions. MISO was approved as the nation's first regional transmission organization in 2001. The not-for-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 is voluntary.