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MISO Interpretation of Transmission Capacity Sharing Affirmed

FERC Denies Rehearing Request on Joint Operating Agreement

CARMEL, Ind., Jan. 27, 2012 /PRNewswire/ -- The Federal Energy Regulatory Commission (FERC), denied Southwest Power Pool's (SPP) request for rehearing on issues related to its joint operating agreement (JOA) with MISO.

The ruling affirms, for the second time, MISO's interpretation of the JOA. On July 1, 2011, FERC issued a declaratory judgment sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>sinterpretationofjoawithspp_aspx_>that the JOA between SPP and MISO provided adequate compensation to share transmission capacity. FERC's order yesterday reiterated its decision that the JOA "allows for the sharing of available transmission capacity between MISO and SPP."

"FERC's decision provides important certainty and clarity for Entergy and its customers as well as the parties involved in the MISO-SPP JOA," said Todd Hillman , MISO Executive Director of Market Development and Services. "With this issue settled, we have taken another step toward fully integrating Entergy into the MISO market.

"Based on discussions with Entergy, SPP and the JOA parties during a hearing last year at the Arkansas Public Service Commission, we proactively offered to initiate discussions to jointly look at ways to improve the joint operating agreement for all parties," said Hillman. "We've had three meetings so far and have already proposed specific modifications to SPP based on those discussions. We look forward to continuing those discussions if any further needs arise."

About MISO

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 $27 billion annually in energy transactions. 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.

SOURCE MISO